Investors in the Nigerian equity market ended the week’s trading with a loss of N56 billion on Friday.
This follows the fall in share prices, including MULTIVERSE, RTBRISCOE, and SUNUASSUR on the stock exchange floor today.
After five hours of trading on the capital market, equity capitalization fell to N56.42 trillion from N56.47 trillion recorded by the exchange on Thursday.
The All-Share Index (ASI) fell to 99,743.05 from 99,842.94 recorded on the previous trading day.
Market breadth was negative as 21 stocks rose, 26 stocks weakened, while 75 other stocks remained unchanged in 9,273 transactions.
INTERNATIONAL BREWERIES, THOMASWY and CHAMS led other gainers with share price growth of 10%, 9.95% and 9.86% to close at N4.40, N2.10 and N2.34 from N4.00, N1.91 and N2 previously .13 per share.
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On the other hand, MULTIVERSE, RTBRISCOE, and SUNUASSUR led another price decline as they fell 9.68%, 7.46%, and 6.25% respectively to close at N11.20, N0.62, and N1.20 from initial N12.40, N0.67, and N1.28 per share.
On the volume index, FBNH led trading with 207.913 million shares worth N4.57 billion in 544 transactions followed by GTCO which traded 58.553 million shares worth N2.60 billion in 427 transactions.
VERITASKAP traded 57.594 million shares worth N55 million in 160 transactions.
On the value index, FBNH recorded the highest daily trading value of shares worth N4.57 billion in 544 transactions followed by GTCO which traded equities worth N2.60 billion in 427 transactions.
ZENITH BANK traded shares worth N559 million in 461 transactions.
By: Babajide Okeowo
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