NGX: The equity market ends Sunday with losses N8.38bn

The Nigerian equity market closed the week with the loss of N8 billion for investors at the close of trade on Friday.

This follows a decrease in stock prices such as Lasaco, Mansard, and May & Baker, among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity fell to ₦ 66.14. Trillion from ₦ 66.15 trillion posted by Bourse on Thursday.

The Benchmark All-Share Index (ASI) fell to 105,511.89 points from 105,525.26 points recorded on the previous day.

The extent of the negative market because 19 shares advanced and 28 shares declined, while 73 shares remained unchanged in 11,444 agreements.

African learning livestock feed, and VFD groups lead other growth with 10%, 10%, and 9.83%growth in the price closed at N7.92, N3.30 and N57.00 from N7.20, N3.00 and N51.90 per previous share.

Also read: NGX: Equity Market rebound because investors get N30BN in five hours

Lasaco, Mansard, and May &; Baker led other prices with a price decline of 10%, 10% and 8.72% to be closed on N2.34, N8.64 and N7.85 from N2.60, N9.60 and N8.60 per previous share.

In the volume index, Uba led the trade with 26 million shares in 698 agreements followed by the Said that was traded 25 million shares in 585 agreements.

FCMB traded 24 million shares in 472 agreements.

In the value index, GTCO traded shares worth N1.4 billion in 649 agreements followed by Zenith Bank who trade equity worth N1 billion in 685 agreements.

Shares traded by Uba worth N972 million in 698 agreements.

By: Babajide Okeowo

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