Investors in the Nigerian equities market lost N132 billion at the close of trading on Friday.
This followed the dip in the share prices of stocks like ARADEL, ELLAH LAKES, and MULTIVERSE amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to N59.03 trillion from N59.1 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) dropped to 97,432.02 from 97,651.23 recorded the previous day.
The market breadth was negative as 23 stocks advanced and 30 stocks declined, while 67 stocks remained unchanged in 8,803 deals.
JOHN HOLT, EUNISELL, and REDSTAREX led other gainers with 10%, 9.98% and 9.83% growth each in share prices to close at N3.30, N5.62, and N4.47 from the previous N3.00, N5.11 and N4.07 per share.
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ARADEL, ELLAH LAKES, and MULTIVERSE led other price decliners with 10%, 9.92%, and 9.66% decline each in share prices to close at N445.60, N3.54, and N7.95 from the previous N495.10, N3.93 and N8.80 per share.
On the volume index, FIDELITY BANK led trading with 540 million shares in 344 deals followed by JAIZ BANK which traded 68 million shares in 126 deals.
CHAMS traded 49 million shares in 96 deals.
On the value index, FIDELITY BANK topped as the bank traded securities worth N7.6 billion in 344 deals followed by ARADEL which traded equities worth N2.3 billion in 1, 046 deals.
ZENITH BANK traded stocks worth N1.6 billion in 545 deals.
By: Babajide Okeowo
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