NGX: Equities Market declined because investors lost N71BN

Investors in the Nigerian equity market lost the N71 billion at the close of trade on Tuesday.

This follows the decline in the stock prices of Austin Laz, Deep Capital, and FTN Cocoa, among others, on the exchange floor.

The Benchmark All-Share Index (ASI) fell to 141,546.78 points from 141,659.00 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to N89.5 trillion from N89.6 trillion posted by Bourse on Monday.

The extent of the negative market with 23 advanced shares, 27 shares declined, and the remaining 97 shares did not change in 25,386 agreements.

Custodian PLC, Multiverse Mining and Exploration PLC, and e-Tranzact Nigeria LED Other Gainers with 9.94%, 9.68%, and 9.45%Growth in Share Price, Restectively, to Close at N44.80, N13.60, and N17.95 per Share, UP from the Previous N40.75, N12.40, and N16.40 per Share.

Also read: NGX: Bearish sentiment remains in the stock market because investors lose N367BN

Austin Laz, Deap Capital, and FTN Cocoa led other prices with a decrease in stock prices 6.27%, 5.56% and 4.84% to be closed on N2.69, N1.70, and N5.90 per share, down from the previous N2.87, N1.80, and N6.20 per share.

In the volume index, the Trust Holding PLC guarantee leads the trade with 32 million shares in 1, 021 offer, followed by safe electronic technology, which is traded 32 million shares in 225 offers.

United Bank for Africa PLC trades 26 million shares in 1,479 offers.

In the value index, a guarantee of PLC confidence traded shares worth N3.1 billion in 1,021 offers, followed by MTN Nigeria, who traded equity worth N1.6 billion in 1,177 agreements.

Zenith Bank traded shares worth N1.2 billion in 1,421 agreements.

Babajide Okeowo