NGX: The decline of the equity market continues because investors lose N623BN

The decline of the Nigerian equity market continued on Tuesday because investors lost N623 billion at the close of trading that day.

This follows a decrease in stock prices such as Prestige Assurance PLC, Hallmark Holdings, and AIICO Insurance PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) fell to 138,737.64 points from 139,722.19 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N87.7 trillion from N88.4 trillion posted by Bourse on Monday.

The extent of the negative market with 9 advanced shares, 49 shares declined, and the remaining 99 shares did not change in 31,406 agreements.

NCR Nigeria, Austin Laz and Company, and Tantalizers Nigeria led other recipients with growth of 9.96%, 9.66% and 6.09% each in the price closed at N12.70, N3.18, and N2.44 from N11.55 Previously, N2.90, and N2.30 per share.

Also read: NGX: Investors lost N121BN because the bearish sentiment hit the stock market

Prestige Assurance PLC, Consolidation Hallmark Holdings, and AIICO Insurance PLC led other prices with a decrease in 10% in stock prices to be closed at N1.62, N3.87, and N3.42 from N1.80, N4.30, and N3.80 per previous share.

In the volume index, the Trust Holding LED trading guarantee with 32 million shares in 1, 584 agreement, followed by the Access Holding PLC, which was traded 29 million shares in 1,529 offers.

AIICO Insurance PLC trades 21 million shares in 849 agreements.

In the value index, guaranteed stock confidence traded worth N3.0 billion in 1,584 agreements, followed by Zenith Bank, which is traded with equity worth N1.2 billion in 1,685 offers.

Access Holding PLC traded shares worth N768 million in 1,529 offers.

Babajide Okeowo