Newscenter Media News Investors in the Nigerian equities market lost N148 billion at the close of trading on Wednesday.
This followed the dip in the share prices of stocks like CUSTODIAN, OKOMU OIL, and CONHALL PLC amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization crashed to N59.5 trillion from N59.7 trillion recorded by the bourse on Tuesday.
The benchmark All-Share Index (ASI) also decreased to 98,291.53 from 98,540.93 recorded the previous day.
The market breadth was flat as 22 stocks advanced and 22 stocks declined, while 76 stocks remained unchanged in 7,776 deals.
DEAPCAP, UACN, and DANGOTE SUGAR led other gainers with 10%, 9.90%, and 9.69% growth each in share prices to close at N1.32, N21.65, and N35.10 from the previous N1.20, N19.70 and N32.00 per share.
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On the flip side, CUSTODIAN, OKOMU OIL, and CONHALL PLC led other price decliners as they shed 8.98%, 6.86%, and 6.62% each to close at N11.65, N338.10 and N1.41 from the initial N12.80, N363.00, and N1.41 per share.
On the volume index, FIDELITY BANK led trading with 38 million shares in 261 deals followed by UBA which traded 33 million shares in 543 deals.
GTCO traded 16 million shares in 382 deals.
On the value index, ARADEL for the second day running came out top trading stock worth N3.1 billion in 984 deals followed by NESTLE which traded equities worth N985 million in 83 deals.
OANDO traded shares valued at N865 million in 351 deals.
By: Babajide Okeowo
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