NGX: The equity market ends the week with N313BN losses for investors

The equity market closed the week with the loss of N313 billion for investors on Friday.

This follows a decrease in stock prices such as Transcorp Power (Transpower), Haldane McCall and Meyer PLC, among others on the trading floor.

The Benchmark All-Share Index (ASI) crashed 108,733.40 points from 109,231.96 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity fell to ₦ 68.3 trillion from ₦ 68.6 trillion posted by Bourse on Thursday.

The extent of the positive market because 32 shares advanced, 31 shares declined, and 58 shares remained unchanged in 15,723 agreements.

Sterling Bank, Associated Bus Company (ABC Trans) and Chellarams PLC (Chellaram) lead other retains with 10% growth, 10 %% and 9.92% each in the price closed on N6.05, N2.89 and N4.32 of N5.50, N2.60 and N3.93 per previous share.

Also Read: Nigeria Stock Market Recovering Because Investors Get N240BN

Transcorp Power, Haldane McCall (HMCall) and Meyer PLC lead other prices with 9.98%, 9.57% and 9.09% decline in stock prices to be closed in N328.50, N4.25 and N8.00 from N364.90, N4.70 and N8.00 per previous share.

In the volume index, Tantalizers PLC led trade with 101 million shares in 167 agreements, followed by a Trust Holding (GTCO) guarantee that was traded 51 million shares in 630 agreements.

Access Holdings PLC traded 45 million shares in 890 offers.

In the value index, Stocks Trust Trust Holding (GTCO) which is traded worth N3.5 billion in 630 agreements, followed by Zenith Bank PLC who trade equity worth N1 billion in 710 offers.

Access Holdings PLC traded shares worth N975 million in 890 offers.

By: Babajide Okeowo

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