NGX: Equities market closes week in red as investors lose N6bn

The bearish sentiment persisted in the Nigerian equities market on Friday as investors lost N6 billion at the close of the day’s trading.

This followed a dip in the share prices of stocks like ARADEL, DEAPCAP, and CHAMPION amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization crashed to N59.42 trillion from N59.43 trillion recorded by the bourse on Thursday.

The benchmark All-Share Index (ASI) also decreased to 98,070.23 from 98,081.38 recorded the previous day.

The market breadth was negative as 21 stocks advanced and 23 stocks declined, while 73 stocks remained unchanged in 6,719 deals.

DAAR COMMUNICATION, TRANSPOWER, and CI LEASING led other gainers with 9.09%, 8.76%, and 8.29% growth each in share prices to close at N0.60, N359.90, and N3.79 from the previous N0.55, N330.90 and N3.79 per share.

ARADEL, DEAPCAP, and CHAMPION led other decliners with 9.99%, 9.66%, and 8.80% growth each in share prices to close at N2.79, N0.60, and N359.90 from the previous N2.55, N0.55 and N330.90 per share.

On the volume index, JAPAUL GOLD led trading with 136 million shares in 136 deals followed by UBA which traded 38 million shares in 407 deals.

ZENITH BANK traded 27 million shares in 397 deals.

On the value index, SEPLAT for the fourth day running came out top, trading stock worth N5 billion in 158 deals followed by ARADEL which traded equities worth N1.8 billion in 510 deals.

ZENITH BANK traded shares valued at N1 billion in 397 deals.

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