Newscenter Media News The Nigerian equities market closed the year in red as investors lost N136 billion at the close of trading on Tuesday.
This follows a dip in the share prices of stocks like ETERNA, UNION DICON, and CHAMPION BREWERIES amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization slumped to ₦62.7 billion from ₦62.8 trillion recorded by the bourse the previous day.
The benchmark All-Share Index (ASI) decreased to 102,926.40 from the 103,149.35 that was recorded on Monday.
The market breadth was positive as 34 stocks advanced and 27 stocks declined, while 61 stocks remained unchanged in 8, 830 deals.
BETA GLAS, PRESTIGE, and UNIVERSAL INSURANCE led other gainers with 10% growth each in prices to close at N64.90, N1.21 and N0.66 from the previous N59.00, N1.10 and N0.60 per share.
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ETERNA, UNION DICON, and CHAMPION BREWERIES led other price decliners with 10%, 10%, and 8.19% decline each in share prices to close at N24.30, N7.20, and N3.81 from the previous N27.00, N8.00 and N4.15 per share.
On the volume index, ACCESS CORP led trading with 30 million shares in 406 deals followed by UNIVERSAL INSURANCE which traded 24 million shares in 111 deals.
PRESTIGE traded 24 million shares in 102 deals.
On the value index, ARADEL traded stocks worth N12.9 billion in 326 deals followed by GEREGU which traded equities worth N10.3 billion in 131 deals.
SEPLAT traded shares valued at N9.5 billion in 67 deals.
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