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The Nigerian equity market was further depreciated on Thursday, because investors lost N459 billion at the close of trading that day.
This follows a decrease in stock prices such as international energy insurance, Omatek Ventures PLC, and Ellah Lakes PLC, among others, on the trading floor.
The Benchmark All-Share Index (ASI) fell to 140,557.24 points from 141,248.76 points recorded the previous day.
After five hours of trading in the capital market, the capitalization of equity fell to N88.9 trillion from N89.3 trillion posted by Bourse on Wednesday.
The extent of the negative market with 19 advanced shares, 39 shares declined, and 78 remaining shares did not change in 26,163 agreements.
SCOA Nigeria, RT Briscoe, and NEM Insurance PLC led other reinforcement with 10%, 9.80% and 7.96% growth in prices closed on N6.05, N3.36, and N31.20 from N5.50, N3.06, and N28.90 per previous share.
Also read: NGX: Investors lost N121BN because the bearish sentiment hit the stock market
International Energy Insurance, Omatek Ventures PLC, and Ellah Lakes PLC led other prices with 9.62%, 8.97% and 8.49% of stock price declines to be closed at N3.29, N1.32, and N13.68 from the previous N3.64, N1.45, and N14.95 per share.
On the volume index, Champions Brewers led trade with 160 million shares in 160 agreements, followed by Access Holdings PLC, which was traded 102 million shares in 1,467 offers.
Guaranty Trust Holdings PLC traded 96 million shares in 1,478 agreements.
In the value index, Stocks Trust Holdings PLC (GTCO) which is guaranteed to be worth N8.8 billion in 1,478 agreements, followed by Aradel Holdings, which trades equity worth N3.5 billion in 379 agreements.
Breweries Champions traded shares worth N3.4 billion in 160 agreements.
Babajide Okeowo
