Business
NGX: Equities market closes week on low as investors lose N4m
The Nigerian equities market ended the week in the bearish territory for the fifth consecutive day on Friday as investors lost N4 million at the close of the trading session.
This followed the dip in the share prices of stocks like LEARN AFRICA, CADBURY, and NEIMETH amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization dropped to N55.131 trillion from N55.135 trillion recorded by the bourse on Thursday.
The All-Share Index (ASI) also decreased to 97,100.31 from 97,100.36 recorded the previous day.
The market breadth was positive as 23 stocks advanced and 21 declined while 68 others remained unchanged in 7,677 deals.
OANDO, RT BRISCOE, and OMATEK led other gainers with 9.97% 9.68%, and 9.23% each in share prices to close at N35.85, N1.70, and N0.71 from the previous N32.60, N1.55, and N0.65 per share.
READ ALSO: NGX: Investors lose N132bn as PZ, Dangote Sugar stocks tumble
On the flip side, LEARN AFRICA, CADBURY, and NEIMETH led other price decliners as they shed 9.97%, 9.95%, and 9.17% each to close at N3.52, N18.10, and N1.98 from the initial N3.91, N20.10, and N2.18 per share.
On the volume index, GTCO led trading with 90 million shares valued at N4.17 billion in 284 deals followed by OANDO which traded 30 million shares valued at N2.2 billion in 966 deals.
JAPAUL GOLD traded 22 million shares valued at N50 million in 130 deals.
On the value index, GTCO recorded the highest value for the day trading stocks worth N4.17 billion in 284 deals followed by OANDO which traded equities worth N2.2 billion in 922 deals.
ZENITH BANK traded shares valued at N633 million in 432 deals.
By: Babajide Okeowo
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