NGX: Investors lose N358BN because the bearish sentiment remains in the equity market

Investors in the Nigerian equity market lost N358 billion at the close of trade on Thursday.

This follows a decrease in stock prices such as C&I Leasing PLC, UPDC PLC, and Lasaco Assurance PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) crashed 145,300.01 points from 146,055.89 points recorded on the previous day.

After five hours of trading in the capital market, equity capitalization declined to N91.9 trillion from N92.2 trillion posted by Bourse on Wednesday.

The extent of the positive market, with 21 advanced shares, 51 shares declined, and the remaining 56 shares did not change in 43,515 offers.

July Pharmacy PLC, Austin Laz & Company and NCR Nigeria lead other strengthening with 10%, 9.91% and 9.43% growth in prices closed at N9.90, N2.33, and N8.70 from N9.00, N2.12 and N7.95 per previous share.

C & I Leasing PLC, UPDC PLC and Lasaco Assurance PLC leads other prices with a decrease in 10% in stock prices to be closed on N7.20, N7.20 and N4.50 from N8.00, N8.00 and N5.00 per previous share.

In the volume index, Universal Insurance PLC led trade with 390 million shares in 1,039 offers, followed by AIICO Insurance PLC, which was traded 236 million shares in 2,506 offers.

Linkage Assurance PLC traded 214 million shares in 679 agreements.

Also read: NGX: Recovery of Short -Live Stock Market because investors lose N199BN

In the value index, Nigerian Brewers PLC was traded by N1.8 billion in 280 agreements, followed by Ellah Lakes PLC, who traded equity worth N1.7 billion in 1,319 offers.

Access Holdings PLC traded shares worth N1.2 billion in 1,319 offers.

Baabajide Okeowo