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Nigeria’s equity market ended Sunday in the red zone on Friday because investors lost N165 billion at the close of trading that day.
This follows a decrease in stock prices such as John Holt PLC, Lasaco Assurance, and Guinea Insurance, among others, on the trading floor.
The Benchmark All-Share Index (ASI) crashed 140,295.49 points from 140,557.24 points recorded on the previous day.
After five hours of trading in the capital market, the capitalization of equity fell to N88.7 trillion from N88.9 trillion posted by Bourse on Thursday.
The extent of the negative market with 19 advanced shares, 3 shares declined, and 86 remaining shares did not change in 25,609 agreements.
Also read: NGX: Investors lost N121BN because the bearish sentiment hit the stock market
Learning Africa, Union Dicon Salt, and Prestige Assurance Company leads other recipients with growth of 9.86%, 8.04% and 6.75% in prices closed on N7.80, N12.10, and N1.74 from N7.10, N11.20, and N1.63 per previous share.
John Holt PLC, Lasaco Assurance, and Guinea Insurance lead other prices with 10%, 9.64% and 7.79% stock price reduction to N6.30, N3.00, and N1.42 from N7.00, N3.32, and N1.54 per previous share.
In the volume index, VFD Group led trade with 49 million shares in 227 offers, followed by Secure Electronic Technologies, which was traded 31 million shares in 230 agreements.
Access Holdings PLC trading 26 million shares in 1,476 offers.
In the value index, Stocks Trust Trust Holdings which are traded worth N1.9 billion in 1,422 agreements, followed by Zenith Bank, who trades equity worth N1.1 billion in 1,621 agreements.
Lafarge Wapco is traded by shares worth N932 billion in 355 agreements.
Babajide Okeowo
