NGX: Royal Exchange, STI among the top losers when the investor is published by N14BN

The Nigerian stock market closed the week with a record of bearish because investors lost N14 billion on Friday.

This follows a decrease in stock prices such as Deapcap, Royal Exchange, and Sovereign Trust Insurance among others on the trading floor.

After five hours of trading in the capital market, the capitalization of equity fell to ₦ 65.7 trillion from ₦ 65.8 trillion posted by Bourse on Thursday.

Benchmark All-Share Index (ASI) decreased to 104,563.34 points from 104,788.25 points recorded on the previous day.

The extent of the positive market because 36 shares advanced and 19 shares declined, while 68 shares remained unchanged in 10,791 agreements.

Bank Mortage Caverton, VFDGroup and Abbey lead other strengthening with growth of 9.96%, 9.90%, and 9.86%each in prices closed on N2.54, N87.80 and N6.13 from the previous N2.31, N79.80 and N58 per share.

Also read: NGX: The Equity Market Ends the Week with N8.38BN Losses

Deapcap Insurance, Royal Exchange, and Sovereign Trust lead other prices with 9.71%, 9.09% and 7.61% of stock price declines to be closed at N0.93, N0.80 and N0.85 from N1.03, N0.88 and N0.92 per previous share.

On the volume index, Access Corp led trade with 73 million shares in 934 offers, followed by Zenith Bank, which was traded 33 million shares in 619 transactions.

Cutix trades 29 million shares in 118 agreements.

In the value index, GTCO traded shares worth N1.7 billion in 567 agreements, followed by Zenith Bank, who traded equity worth N1.6 billion in 619 agreements.

Access Corp traded shares worth N1.5 billion in 934 agreements.

By: Babajide Okeowo

Join the conversation

Opinion

Supports Nigeria’s ripples, resistant Journalism Solutions

A balanced and fearful journalism that is driven by data comes with enormous financial costs.

As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.

If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.

Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.

Donation now