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The Nigerian equity market closed this week’s trading with N48 billion losses for investors on Friday.
This follows a decrease in stock prices such as NCR Nigeria (NCR), Beta Glass PLC and CONOIL PLC, among others, on the trading floor.
The Benchmark All-Share Index (ASI) crashed 111,742.01 points from 111,818.08 points recorded on the previous day.
After five hours of trading in the capital market, the capitalization of equity descended to the N70. 4 trillion of N70.5 trillion posted by Bourse on Thursday.
The extent of the negative market because 27 shares advanced, 36 shares declined, and 85 shares remained unchanged in 18,653 agreements.
Omatek Ventures, Red Star Express, and Deap Capital Management and Trust lead other growth with growth of 9.86%, 9.62% and 9.38% respectively in prices closed at N0.78, N8.32 and N1.05 from N0.71, N7.59 and N0.96 per previous share.
Also read: NGX: Equity Market Maintaining Bullish Running When Investors Get N180BN
NCR Nigeria Beta Glass PLC and CONOIL PLC led other prices with a price decline of 10%, 10% and 9.99% to be closed on N6.57, N232.86 and N298.10 from N7.30, N258.50 and N331.20 per previous share.
In the volume index, the United Bank for Africa PLC (UBA) led the trade with 1.4 billion shares in 1,109 agreements, followed by the United Capital PLC (said) traded by 66 million shares in 419 agreements.
Holding Holding PLC is traded 53 million shares in 874 agreements.
In the value index, the United Bank for Africa PLC (UBA) shares that are traded worth N49 billion in 1,109 agreements, followed by MTN Nigeria (MTNN) who trade equity worth N3.8 billion in 491 offers.
Zenith Bank PLC traded shares worth N1.4 billion in 757 agreements.
By: Babajide Okeowo
