Investors in the Nigerian equities market lost N160 billion at the close of trading on Friday.
This followed a dip in the share prices of stocks like OANDO, STANBIC, and IKEJA HOTEL amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization dipped to ₦64.7 trillion from ₦64.868 trillion posted by the bourse on Thursday.
The benchmark All-Share Index (ASI) decreased to 104,496.12 points from 104,744.43 points which were recorded the previous day.
The market breadth was positive as 34 stocks advanced and 28 stocks declined, while 58 stocks remained unchanged in 14, 540 deals.
BETA GLASS, VITAFOAM, and NNFM led other gainers with 10%, 9.98% and 9.98% growth each in prices to close at N71.50, N31.95 and N60.60 from the previous N65.00, N29.05 and N55.10 per share.
OANDO, STANBIC, and IKEJA HOTEL led other price decliners with 10%, 9.94%, and 9.84% dip in share prices to close at N68.40, N64.35 and N11.00 from the previous N76.00, N71.45 and N12.20 per share.
On the volume index, NSL TECH led trading with 599 million shares in 110 deals followed by FBNH which traded 85 million shares in 425 deals.
VERITASKAP traded 67 million shares in 390 deals.
On the value index, FBNH traded stocks worth N2.5 billion in 425 deals followed by OANDO which traded equities worth N2.2 billion in 1, 057 deals.
GTCO traded shares valued at N2 billion in 265 deals.
By: Babajide Okeowo