Investors in the Nigerian Equities Market experienced a loss of N142 billion at the close of trading on Thursday. This decline followed a drop in the share prices of stocks such as WAPIC, UPL, and Sovereign Trust Insurance, among others on the trading floor. After five hours of trading at the capital market, the equity capitalization fell to N59.3 trillion, down from N59.5 trillion recorded on Wednesday.
The benchmark All-Share Index (ASI) decreased to 97,992.55, compared to 98,227.50 the previous day. The market breadth was positive, with 33 stocks advancing, 24 stocks declining, and 66 stocks remaining unchanged across 10,659 deals.
AUSTINLAZ, EUNISELL, and HM CALL were the top gainers, each showing growth of 10%, 9.98%, and 9.95% in their share prices, closing at N2.42, N17.52, and N4.64 respectively, up from N2.20, N15.93, and N4.22. Conversely, WAPIC, UPL, and Sovereign Trust Insurance led the decliners, with their share prices falling by 9.82%, 9.09%, and 8.96%, and closing at N1.01, N3.50, and N0.61, down from N1.12, N3.85, and N0.67.
In terms of trading volume, FBNH led with 51 million shares traded across 263 deals, followed by Tantalizer, which traded 48 million shares in 207 deals. WAPCO traded 39 million shares across 1,121 deals.
On the value index, WAPCO’s shares were valued at N2.3 billion in 1,121 deals, followed by FBNH with equities worth N1.3 billion in 263 deals. ZENITH BANK traded shares valued at N997 million in 402 deals.
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