Business
NGX: Caverton, Eterna among top losers as equities market sheds N290bn
Investors in the Nigerian equities market lost ₦290 billion at the close of trading on Wednesday.
This followed a dip in the share prices of stocks like CAVERTON, CONHALLPLC, and ETERNA amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization crashed to ₦66.6 trillion from ₦66.9 trillion posted by the bourse on Tuesday.
The benchmark All-Share Index (ASI) decreased to 106,436.48 points from 106,904.25 points recorded the previous day.
The market breadth was negative as 12 stocks advanced and 41 stocks declined, while 67 stocks remained unchanged in 11,423 deals.
TANTALIZER, UHOMREIT, CHAMPION led other gainers with 9.64%, 8.84% and 7.69% growth each in prices to close at N2.16, N52.95 and N4.20 from the previous N1.97, N48.65 and N3.90 per share.
READ ALSO: Equities market closes week with N91bn profit for investors
CAVERTON, CONHALLPLC, and ETERNA led other price decliners with 10%, 9.87%, and 9.66% dip in share prices to close at N2.52, N2.56 and N34.15 from the previous N2.80, N3.95 and N37.80 per share.
On the volume index, FIDELITY BANK led trading with 47 million shares in 596 deals, followed by ACCESSCOR, which traded 35 million shares in 748 deals.
UBA traded 29 million shares in 619 deals.
On the value index, OKOMU OIL topped traded stocks worth N2.5 billion in 96 deals, followed by ZENITH BANK, which traded equities worth N1 billion in 661 deals.
UBA traded shares valued at N1 billion in 619 deals.
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