Trading activities in the Nigerian equities market closed in the red for the third time this week. After hours of trading on Thursday, investors lost N67 billion. This resulted in a decrease in the market capitalization from N55.4 trillion to N55.3 trillion, as well as a decrease in the All-Share Index (ASI) from 101,362.38 to 101,239.10.
Within the market breadth, 20 stocks advanced, 28 declined and 71 remained unchanged in 7,248 deals.
Sunu Assurances Nigeria and Omatek Ventures led the gainers with a 10% growth in share price to close at N2.09 and N0.77 respectively from the previous N1.90 and N0.77 per share. Juli, Caverton Offshore, and NEM Insurance also recorded an increase of 9.79%, 9.52%, and 9.09% in their share prices.
On the other end, Daar Communications led the price decliners, losing 10% off its share price to close at N0.72 from the previous N0.80 per share. PZ Cussons, Academy Press, and Morison Industries completed the list of losers with a decrease of 9.89%, 9.84%, and 9.73% in their share prices respectively.
In terms of trade volume, First Bank of Nigeria Holding (FBNH) traded 31.022 million shares valued at N893.03 million in 372 deals, followed by United Bank for Africa (UBA) with 22.281 million shares worth N533.2 million traded by shareholders in 392 deals. Access Bank Holding traded 13.689 million shares valued at N295.3 million in 461 deals.
Similarly, FBNH traded stocks worth N893 million in 372 deals, followed by UBA with stocks worth N533 million in 393 deals. Airtel Africa traded stocks worth N481 million in 17 deals to complete the top three in the value of traded stocks category.