Equity markets started the week in the red; investors lost N81 billion

Investors in the Nigerian equity market lost N81 billion at the close of trading on Monday, starting the week in the red.

This follows the fall in share prices, including NCR, Zichis and IMG on the stock exchange floor.

The benchmark All-Share Index (ASI) fell to 250,204.83 points from 250,330.92 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization fell to N160.3 trillion from N160.4 trillion recorded by the exchange on Friday.

Market breadth was negative, with 33 stocks advancing, 36 declining, and 79 unchanged in 87,096 transactions.

A total of 800,463,319 shares were traded worth N37 billion.

Oando, UPL and Deap Cap led the gainers chart, with share price growth of 10%, 10% and 9.96% respectively, closing at N51.70, N5.50 and N5.96 per share, up from N47.00, N5.00 and N5.42 per share.

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NCR, Zichis and IMG led the rest of the price declines, with declines of 9.99%, 9.99% and 9.93% respectively, closing at N161.20, N26.49 and N38.10 per share, down from N179.10, N29.43 and N42.30 per share respectively.

On the volume index, UBA led trading with 64 million shares in 2,820 transactions, followed by Fidelity Bank which traded 57 million shares in 1,329 transactions.

Access Holding Co traded 42 million shares in 3,611 transactions.

On the value index, Aradel traded shares worth N6.1 billion in 3,444 transactions, followed by Seplat, which traded equities worth N2.9 billion in 818 transactions.

UBA traded shares worth N2.8 billion in 2,820 transactions.

By: Babajide Okeowo