Newscenter Media News The Nigerian equities market continued its negative runs on Wednesday with investors losing N2.18 billion at the close of the day’s trading.
The followed the dip in the share values of THOMASWY, DAARCOMM and CWG amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization crashed to N56.456 trillion from N56.459 trillion posted by the bourse on Tuesday.
The All-Share Index (ASI) decreased to 99,802.08 from 99,805.95 recorded the previous day.
The market breadth was positive as 25 stocks advanced and 22 declined, while 66 others remained unchanged in 8,160 deals.
READ ALSO: NGX: Investors begin week with N51b loss as stocks tumble
ABC TRANS, ETERNA, and LIVESTOCK led other gainers with 10%, 9.88%, and 9.63% growth in share price each to close at N0.77, N18.35, and N2.05 from the previous N0.70, N16.70, and N1.87 per share.
On the flip side, THOMASWY, DAARCOMM, and CWG led other price decliners as they shed 10%, 8.77%, and 5.48% each to close at N2.16, N0.52, and N6.90 from the initial N2.40, N0.57, and N7.30 per share.
On the volume index, FIDELITY BANK led trading with 698 million shares valued at N7.27 billion in 594 deals followed by ZENITH BANK which traded 36 million shares valued at N1.34 billion in 484 deals.
UBA traded 26 million shares valued at N604 million in 485 deals.
On the value index, FIDELITY BANK recorded the highest value for the day trading stocks worth N7.27 billion in 594 deals followed by ZENITH BANK which traded equities worth N1.32 billion in 484 deals.
GTCO traded stocks worth N653 million in 338 deals.
By: Babajide Okeowo
The post NGX: Bearish run continues as investors lose N2bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.