The Nigerian equities market slipped back to bearish zone on Friday with N166 billion loss for investors at the close of the day’s trading.
This followed the dip in the share prices of stocks like TANTALIZER, JAIZ BANK, and NEIMETH amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to ₦66.4 trillion from ₦66.5 trillion posted by the bourse on Thursday.
The benchmark All-Share Index (ASI) decreased to 105,955.13 points from 106,220.62 points which recorded the previous day.
The market breadth was negative as 22 stocks advanced and 24 stocks declined, while 74 stocks remained unchanged in 10,584 deals.
ROYALEX, LINKAGE ASSURANCE and GUINEA INSURANCE led other gainers with 10%, 9.57% and 9.52% growth each in prices to close at N0.88, N1.26 and N0.69 from the previous N0.80, N1.15 and N0.63 per share.
TANTALIZER, JAIZ BANK, and NEIMETH led other price decliners with 9.85%, 9.72% and 9.45% dip in share prices to close at N2.93, N3.25 and N2.49 from the previous N3.25, N3.60 and N2.75 per share.
On the volume index, CHAMPION led trading with 350 million shares in 34 deals followed by TANTALIZER which traded 53 million shares in 323 deals.
CUSTODIAN traded 51 million shares in 51 deals.
On the value index, ARADEL traded stocks worth N1.8 billion in 562 deals followed by CHAMPION which traded equities worth N1.4 billion in 316 deals.
MTNN traded shares valued at N1.2 billion in 316 deals.
By: Babajide Okeowo
