NGX: Study Africa, Fidson suffered the biggest loss as investors lost N383 billion

Investors in the Nigerian equity market lost N383 billion at the close of trading on Thursday, halting the recent bullish run.

This follows a plunge in the prices of shares such as Learn Africa, Fidson and Austin Laz, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) fell to 252,243.11 points from 252,508.19 points the previous day.

After five hours of trading on the capital market, equity capitalization fell to N161.6 trillion from N162 trillion recorded by the exchange on Wednesday.

Market breadth was positive, with 37 stocks advancing, 28 declining, and 83 stocks unchanged in 74,822 transactions.

A total of 1,039,594,411 shares were traded worth N41.6 billion.

Learn Africa, Fidson and Austin Laz led the gainers chart, with share price growth of 10%, 9.97% and 9.95% respectively, closing at N9.90, N124.60 and N4.09 per share, up from N9.00, N113.30 and N3.72 per share.

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Zichis, FTN Cocoa and Meyer led the rest of the price declines, with declines of 9.99%, 9.87% and 9.83% respectively, closing at N32.69, N9.95 and N21.55 per share, down from N36.32, N11.04 and N23.90 per share respectively.

On the volume index, Chams led trading with 127 million shares in 1,621 transactions, followed by VFD Group which traded 107 million shares in 353 transactions.

First HoldCo traded 75 million shares in 2,730 transactions.

On the value index, Aradel traded shares worth N6.3 billion in 2,131 transactions, followed by First HoldCo, which traded equities worth N5.3 billion in 2,730 transactions.

MTNN traded shares worth N3.4 billion in 5,666 transactions.

Babajide Okeowo