Investors in the Nigerian equities market lost N557 billion at the close of trading on Thursday.
This followed the dip in the share prices of stocks such as Omatek, Intenegins, and Interbrew, among others on the trading floor.
The benchmark All-Share Index (ASI) decreased to 165,397.37 points from the 166,267.6 points recorded the previous trading day.
After five hours of trading at the capital market, the equity capitalisation fell to N105.8 trillion from N106.4 trillion posted by the bourse on Wednesday.
The market breadth was negative with 37 stocks advancing, 39 stocks declining, and 72 stocks remaining unchanged in 46,481 deals.
A total of 768,255,569 shares were traded, valued at N21.1 billion.
John Holt, Infinity, and UHOMREIT led the gainers’ chart with 10% growth each in share prices, respectively, to close at N7.70, N7.70, and N64.90 per share, up from the previous N7.00, N7.00, and N59.00 per share.
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Omatek, Intenegins, and Interbrew led other price decliners with a 9.40%, 6.06%, and 6.00% dip each in share price to close at N2.12, N3.50, and N15.00 per share, down from the previous N2.34, N3.30, and N15.00 per share
On the volume index, Access Holding Company led trading with 54 million shares in 2,084 deals, followed by Deap Capital, which traded 51 million shares in 960 deals.
Tantalizers traded 41 million shares in 1,091 deals.
On the value index, Geregu traded stocks valued at N2.7 billion in 107 deals, followed by Stanbic IBTC, which traded equities worth N1.7 billion in 327 deals.
Zenith Bank traded shares valued at N1.6 billion in 455 deals.
Babajide Okeowo
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