Investors at the Nigerian equities market lost N31 billion at the close of trading on Thursday.
This followed the dip in the share prices of stocks like JOHN HOLT, CHAMS, and NSLTECH amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to ₦66.11 trillion from ₦66.14 trillion posted by the bourse on Wednesday.
The benchmark All-Share Index (ASI) decreased to 105,426.12 points from 105,475.38 points recorded the previous day.
The market breadth was negative as 21 stocks advanced and 28 stocks declined, while 72 stocks remained unchanged in 11,393 deals.
M BENEFIT, UNIVERSAL INSURANCE, and ROYALEX led other gainers with 9.09%, 9.88%, and 8.99% growth each in prices to close at N0.96, N0.60 and N0.97 from the previous N0.88, N0.55 and N0.89 per share.
JOHN HOLT, CHAMS, and NSLTECH led other price decliners with 10%, 8.52% and 8.47% dip in share prices to close at N7.74, N2.04 and N0.54 from the previous N8.60, N2.23 and N0.59 per share.
On the volume index, ACCESS CORP led trading with 64 million shares in 770 deals followed by ZENITH BANK which traded 41 million shares in 1,085 deals.
FIDELITY BANK traded 40 million shares in 557 deals.
On the value index, ZENITH BANK traded stocks worth N1.9 billion in 1,085 deals followed by ACCESS CORP which traded equities worth N1.4 billion in 770 deals.
MTNN traded shares valued at N985 million in 641 deals.
By: Babajide Okeowo