NGX: Investors lost N499 billion because the equity market declined again

Investors in the Nigerian equity market lost the N499 billion at the close of trade on Friday.

This follows a decrease in stock prices such as Legend Internet, Bua Cement and FTN Cocoa Processor, among others, on the trading floor.

The Benchmark All-Share Index (ASI) decreased to 119,995.76 points from 120,772.68 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N75,962 trillion from N76,453 trillion posted by Bourse on Thursday.

The extent of the negative market, with 27 advanced shares, 33 shares declined, and the remaining 83 shares did not change in 21,800 agreements.

Neimeth International Pharma (Neimeth), Learn Africa PLC (Learnafrica) and Mecure Industry (Mecure) leads other retaining with growth of 10%, 9.91% and 9.91% each in prices closed at N5.94, N5.10 and N12.20 from N5.40, N4.64 and N11.10 per previous stock.

Legend Internet (Legendint), Bua Cement (Buacement) and FTN Cocoa Processors (FTNCOCOA) LED Other Price Decliners with 9.98%, 9.92% and 9.76% decline each in Share Prices to close at N8.03, N95.40 and N3.33 From The Previous N8.92, N105.90 and n3.69 per share.

On the volume index, the Japaul Gold and Ventures PLC (Japagold) led the trade with 88 million shares in 375 agreements, followed by Ellah Lakes PLC (Ellahlakes), which traded 80 million shares in 1,365 offers.

Access Holding PLC (Accesscorp), traded 56 million shares in 1, 099 offers.

In the value index, Zenith Bank PLC (Zenithbank) appeared as the top stock traded, gathering N1.7 billion in 1,118 offers, followed by Trust Holdings (GTCO) guarantees, which trade equity worth N1.3 billion in 854 agreements.

Access Holding PLC (Accesscorp) Stock traded worth N1.2 billion in 1, 099 transactions.