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Investors in the Nigerian equity market lost the N306 billion at the close of trade on Thursday.
This follows a decrease in stock prices such as Thomas Wyatt Nigeria, Nigerian flight handling companies (NaHCO), and Oando PLC, among others, on the trading floor.
The Benchmark All-Share Index (ASI) fell to 120,772.68 points from 121,257.69 points recorded on the previous day.
After five hours of trading in the capital market, the capitalization of equity fell to N76.4 trillion from N76.7 trillion posted by Bourse on Wednesday.
The extent of the negative market, with 32 advanced shares, 38 shares declined, and 78 remaining shares did not change in 25,375 offers.
Unilever Nigeria, Skye Shelter Fund PLC, and Neimeth International Pharma led other reinforcement with a growth of 10%, 10% and 9.98% each in the price closed at N51.70, N249.25, and N5.40 from N47.00, N226.60, and N4.91 per previous share.
Also read: NGX: Equity Market Starts Sunday with N279BN Profit for Investors
Thomas Wyatt Nigeria, Nigerian flight handling companies, and Oando PLC led other price declines with a price reduction of 10%, 9.99% and 9.96% to be closed on N2.07, N91.00, and N61.90 from N2.30, N101.10, and N68.75 per previous share.
In the volume index, Ellah Lakes PLC led trade with 113 million shares in 1,096 offers, followed by access holding PLC, which was traded 76 million shares in 1,140 offers.
Caverton Offshore Support Group trading 64 million shares in 286 agreements.
In the value index, Zenith Bank PLC trades N3.3 billion in shares in 1,431 agreements, followed by a guarantee of Trust Holdings (GTCO), which trades equity worth N1.9 billion in 1,140 agreements.
Holding Access Holding PLC traded shares worth N1.7 billion in 1,140 agreements.
By: Babajide Okeowo
