Investors in the Nigerian equities market lost N168 billion at the close of trading on Friday.
This followed the dip in the share prices of stocks like REGALINS, LASACO, and ACADEMY amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to N59.1 trillion from N59.2 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) dropped to 97,506.87 from 97,829.02 recorded the previous day.
The market breadth was negative as 22 stocks advanced and 24 stocks declined, while 72 stocks remained unchanged in 7,554 deals.
HMCALL, ROYALEX, and SOVEREIGN INSURANCE led other gainers with 9.54%, 8.77%, and 7.35% growth each in share prices to close at N6.20, N0.62, and N0.73 from the previous N5.66, N0.57 and N0.68 per share.
REGALINS, LASACO, and ACADEMY led other price decliners with 9.80%, 9.75%, and 9.71% decline each in share prices to close at N0.46, N2.13, and N2.79 from the previous N0.51, N2.36 and N3.09 per share.
On the volume index, FBNH led trading with 126 million shares in 293 deals followed by HM CALL which traded 91 million shares in 89 deals.
JAPAUL GOLD traded 61 million shares in 183 deals.
On the value index, SEPLAT traded stocks worth N7.7 billion in 61 deals followed by FBNH which traded equities worth N3.2 billion in 293 deals.
BUA CEMENT traded shares valued at N532 million in 156 deals.
By: Babajide Okeowo
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