Aradel top losers as investors lose  225bn

The Nigerian equities market sustained the bearish sentiment on the trading floor on Thursday as investors lost N225 billion at the close of the day”s business.

This followed the dip in the share prices of stocks like VERITASKAP, ARADEL, and NSL TECH amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalisation crashed to N59.1 trillion from N59.3 trillion recorded by the bourse on Wednesday.

The benchmark All-Share Index (ASI) decreased to 97,651.23 from 98,023.23 recorded the previous day.

The market breadth was positive as 24 stocks advanced and 26 stocks declined, while 71 stocks remained unchanged in 9,053 deals.

Sunu assurance, Eunisell, and UPL led other gainers with 10 percent, 9.89 percent and 9.74 percent growth each in share prices to close at N2.09, N5.11, and N3.38 from the previous N1.90, N4.65 and N3.08 per share.

Veritaskap, Aradel, and NSL TECH led other price decliners with 10 percent, 10 percent, and 9.09 percent decline each in share prices to close at N1.44, N495.10, and N0.60 from the previous N1.60, N550.10 and N0.66 per share.

On the volume index, UBA led trading with 74 million shares in 512 deals followed by UACN which traded 55 million shares in 91 deals.

CHAMS traded 53 million shares in 105 deals.

On the value index, UBA topped by trading securities worth N2. 1 billion in 512 deals followed by UACN which traded equities worth N1.1 billion in 91 deals.

ARADEL traded shares valued at N939 million in 723 deals.