NGX: The equity market closes the week with N81BN losses for investors

Investors in the Nigerian equity market lost the N81 billion at the close of trade on Friday.

This follows the decline in the price of reciprocal stock shares, Axa Lasaco Assurance PLC, and Daar Communication, among others, on the trading floor.

The Benchmark All-Share Index (ASI) fell to 140,545.69 points from 140,665.84 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N88.9 trillion from N89,003 trillion posted by Bourse on Thursday.

The extent of the positive market with 31 advanced shares, 20 shares declined, and the remaining 95 shares did not change in 23,729 agreements.

Regal Insurance, C & E-Tranzact Nigeria, and Chellaram PLC led other growth with 9.93%, 9.93%, and 9.92%stock growth, respectively, closed on N1.66, N14.95, and N13.30 per share, per previous share.

Also read: NGX: Bearish sentiment remains in the stock market because investors lose N367BN

Benefits of reciprocity, AXA Lasaco Assurance PLC, and DAAR Communication lead other prices with a decrease in stock prices of 7.80%, 5.97% and 4.50% to be closed in N3.90, N2.99, and N1.06 per share, down from the previous N4.23, N3.18, and N1.11 per share.

In the volume index, Secure Electronic Technology LED trading with 71 million shares in 331 offers, followed by access holding PLC, which is traded 40 million shares in 1,134 offers.

Sterling Bank trade 37 million shares in 265 agreements.

In the value index, the PLC Bank Aradel Holding is traded by N8.7 billion in 518 agreements, followed by the Access Holding PLC, which is traded by the equity of N1.0 billion in 1,134 agreements.

Zenith Bank traded shares worth N1.0 billion in 1,223 offers.

Babajide Okeowo