NGX: The equity market ended Sunday because the investor lost the N261BN

Investors in the Nigerian equity market lost the N261 billion at the close of trade on Friday.

This follows a decrease in stock prices, such as LivingTrust Mortgage Bank, Veritas Kapital Assurance PLC, and safe electronic technology, among others, on the trading floor.

The Benchmark All-Share Index (ASI) crashed 141,845.34 points from 142,263.07 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to N89.7 trillion from the N90,005 trillion posted by Bourse on Thursday.

The extent of the negative market with 11 advanced shares, 43 shares declined, and the remaining 93 shares did not change in 24, 309 offers.

Deap Capital Management & Trust, Sovereign Insurance, and Nigerian Breweries PLC lead other recipients with a growth of 9.94%, 7.67% and 6.37% each in the stock price to be closed at N1.88, N3.09, and N75.95 from shares N1.71, N2.87, and N71.40 per share.

LivingTrust Mortgage Bank, Veritas Capital Assurance PLC, and safe electronic technology leads other prices with 10% 9.91%, and 8.54% stock price reduction to be closed in N4.77, N2.00, and N0.75 per share, down from N5.30, N2.22, and N0.82 per previous share.

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

In the volume index, United Bank for Africa led trade with 82 million shares in 2, 479 offers, followed by access holding PLC which was traded 29 million shares in 1,404 offers.

Zenith Bank PLC trades 27 million shares in 1,714 offers.

In the value index, the United Bank of Africa shares traded worth N3.5 billion in 2, 479 agreement, followed by Zenith Bank PLC, who trade equity worth N1.8 billion in 1,714 agreements.

Shares are traded by Seplat worth N866 million in 117 agreements.

Baabajide Okeowo