Investors in the Nigerian Equities Market lost N70 billion at the close of trading on Tuesday.
This followed the dip in the share prices of stocks like REGALINS, PZ and CUTIX amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to N56.07 trillion from N56.1 trillion recorded by the bourse on Monday.
The benchmark All-Share Index (ASI) increased to 97,584.81 from 97,706.70 recorded the previous day.
The market breadth was negative as 24 stocks advanced and 29 stocks declined, while 64 stocks remained unchanged in 9,435 deals.
REGALINS, PZ and CUTIX led other gainers with 10%, 9.86%, and 9.07% growth each in share prices to close at N0.55, N19.20, and N2.64 from the previous N0.50, N17.65, and N2.50 per share.
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On the flip side, GUINNESS, AFRICAN PRUDENTIAL INSURANCE and INTERNATIONAL BREWERIES led other price decliners as they shed 10%, 9.86%, and 9.07% each to close at N61.20, N9.60 and N4.01 from the initial N68.00, N10.65, and N4.01 per share.
On the volume index, WAPIC led trading with 402 million shares valued at N321 million in 28 deals followed by FIDELITY BANK which traded 49 million shares valued at N758 million in 706 deals.
ACCESS CORP traded 25 million shares valued at N500 million in 379 deals.
On the value index, SEPLAT recorded the highest value for the day trading stocks worth N2.2 billion in 151 deals followed by FIDELITY BANK which traded equities worth N760 million in 706 deals.
OANDO traded shares valued at N758 million in 708 deals.
By: Babajide Okeowo
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