NGX: The equity market bearish trend continues because investors lose N183bn

Investors in the Nigerian capital market lost N183 billion at the close of trading on Tuesday.

This follows a decrease in stock prices such as Transcorp Power PLC, Oando PLC and Ellah Lakes PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) crashed 114,910.16 points from 115,258.77 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N72.4 trillion from N72. 6 trillion posted by Bourse on Monday.

The extent of the negative market because 29 shares advanced, 35 shares declined, and 59 shares remained unchanged in 22,100 offers.

Mutual benefits of PLC, Learn Africa PLC and C & I Leasing PLC leads other strengthening with 10% growth in the price closed at N1.10, N4.18 and N4.62 from the previous N1.00, N3.80 and N4.20 per share.

Transcorp Power PLC, Oando PLC and Ellah Lakes PLC led other prices with 9.98%, 9.97% and 9.87% stock price reduction to closed at N295.70, N58.25 and N4.29 from N328.50, N64.70 and N4.76 per previous stock.

In the volume index, Zenith Bank PLC led trading with 96 million shares in 2,020 agreements, followed by Trust Holding (GTCO) guarantees, which were traded 83 million shares in 1,044 offers.

United Bank of Africa (UBA) trading 65 million shares in 1,649 agreements.

In the value index, the GTCO shares traded worth N6.2 billion in 1,044 agreements, followed by Zenith Bank PLC, who traded equity worth N4.2 billion in 2,020 agreements.

Shares traded by Uba worth N2.1 billion in 1, 649 agreement.

By: Babajide Okeowo