NGX: Again, investors shed N68bn as NSLTECH, RT BRISCOE, UBA top losers

For the second day running, investors in the Nigerian equities market lost N68 billion at the close of trading on Wednesday.

This followed the dip in the share prices of stocks like NSLTECH, RT BRISCOE, and UBA amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalization crashed to N56.8 trillion from N56.8 trillion posted by the bourse on Tuesday.

The All-Share Index (ASI) also decreased to 100,365.17 from 100,486.12 recorded the previous day.

The market breadth was negative as 16 stocks advanced and 21 declined, while 77 remained unchanged in 8,412 deals.

SOVRENINS, INTERNATIONAL BREWERIES and DEAPCAP led other gainers with 10%, 10% and 9.80% growth in share price each to close at N0.55, N4.07, and N0.56 from the previous N0.50, N3.70, and N0.51 per share.

READ ALSO: NGX: Equities market ends week with N20bn gain for investors

On the flip side, NSLTECH, RT BRISCOE, and UBA led other price decliners as they shed 9.43%, 8.22%, and 5.07% each to close at N0.48, N0.67, and N21.55 from the initial N0.53, N0.73, and N22.70 per share.

On the volume index, FCMB led trading with 133 million shares valued at N1.043 billion in 160 deals followed by ACCESS CORP which traded 72 million shares valued at N1.400 billion in 815 deals.

ZENITH BANK traded 60 million shares valued at N2.18 billion in 762 deals.

On the value index, ZENITH BANK recorded the highest value for the day trading stocks worth N2.18 billion in 762 deals followed by ACCESS CORP which traded equities worth N1.400 billion in 815 deals.

FCMB traded stocks worth N1.043 billion in 160 deals.

By: Babajide Okeowo

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