NGX: Investors lose N1.9tr as equity markets stumble again

Investors in the Nigerian equity market lost N1.92 trillion at the close of trading on Thursday.

This follows the fall in stock prices, including UPL, Red Star Express and Sky Aviation, on the stock exchange floor.

The benchmark All-Share Index (ASI) fell to 239,734.61 points from 242,729.51 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization fell to N153.8 trillion from N155.7 trillion recorded by the exchange on Wednesday.

Market breadth was positive, with 42 stocks rising, 30 declining, and 76 stocks unchanged in 81,131 transactions.

A total of 1,830,094,263 shares were traded worth N72.1 billion.

Cap, FTN Cocoa and Zichis led the gainers chart, with growth of 9.99%, 9.99% and 9.97% respectively, share prices closed at N212.50, N8.04 and N30.33 per share, up from N193.20, N7.31 and N27.58 per share.

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UPL, Red Star Express and Sky Aviation led the rest of the price declines, with falls of 10.00%, 9.59% and 8.63% respectively, closing at N4.50, N25.45 and N130.75 per share, down from N5.00, N28.15 and N143.10 per share respectively.

On the volume index, FTG Insure led trading with 214 million shares in 414 transactions, followed by VFD Group which traded 141 million shares in 425 transactions.

Access Holding traded 140 million shares in 3,730 transactions.

On the value index, Seplat traded shares worth N12.9 billion in 885 transactions, followed by GTCO, which traded equities worth N8.6 billion in 3,790 transactions.

Dangote Cement traded shares worth N6.3 billion in 3,338 transactions.

Babajide Okeowo