NGX: Equity market closes at week’s lowest as investors lose N4 million

Nigeria’s equity market ended the week in bearish territory for the fifth straight day on Friday as investors lost N4 million at the close of trading.

This follows a decline in the prices of shares such as LEARN AFRICA, CADBURY, and NEIMETH among others on the trading floor.

After five hours of trading in the capital market, equity capitalization dropped to N55.131 trillion from N55.135 trillion recorded by the bourse on Thursday.

The All Share Index (ASI) also fell to 97,100.31 from 97,100.36 recorded the previous day.

Market breadth was positive as 23 stocks advanced and 21 stocks declined while 68 stocks remained unchanged in 7,677 trades.

OANDO, RT BRISCOE and OMATEK led the other gainers with share prices rising by 9.97%, 9.68% and 9.23% respectively to close at N35.85, N1.70 and N0.71 from N32.60, N1.55 and N0.65 per share previously.

READ ALSO: NGX: Investors lose Rp132 billion as PZ and Dangote Sugar shares fall

On the other hand, LEARN AFRICA, CADBURY and NEIMETH led the other price decliners as they fell by 9.97%, 9.95% and 9.17% respectively to close at N3.52, N18.10 and N1.98 from opening prices of N3.91, N20.10 and N2.18 per share.

On the volume index, GTCO led the trade with 90 million shares worth N4.17 billion in 284 deals followed by OANDO which traded 30 million shares worth N2.2 billion in 966 deals.

JAPAUL GOLD traded 22 million shares worth N50 million in 130 transactions.

On the value index, GTCO recorded the highest value for daily traded equities worth N4.17 billion in 284 transactions followed by OANDO which traded equities worth N2.2 billion in 922 transactions.

ZENITH BANK traded shares worth N633 million in 432 deals.

By: Babajide Okeowo

NGX: Equity market closes week at lowest as investors lose N4 million first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.