Equities market closes week with N48bn loss for investors

By Seun Ibiyemi

The Nigerian equities marketended the week’s trading with a N48 billion loss for investors on Friday.

This followed a dip in the share prices of stocks like Sunu Assurance, Eunisell, and Skyway Aviation amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalisation fell to N64.30 trillion from N64.35 trillion posted by the bourse the previous day.

The benchmark All-Share Index (ASI) increased to 105,451.06 points from 105,530.74 recorded on Thursday.

The market breadth was positive as 30 stocks advanced and 25 stocks declined, while 67 stocks remained unchanged in 12,877 deals.

CI Leasing, Honey Flour, and Trans-express led other gainers with 10 percent, 9.99 percent, and 9.89 percent growth each in prices to close at N4.51, N10.02 and N2.00 from the previous N4.10, N9.11 and N1.82 per share.

Sunu Assurance, Eunisell, and Skyway Aviation led other price decliners with 9.99 percent, 9.96 percent and 9.87 percent dip in share prices to close at N7.30, N17.35, and N30.45 from the previous N8.11, N19.27 and N33.45 per share

On the volume index, Tantalizer led trading with 52 million shares in 134 deals followed by Universal Insurance which traded 34 million shares in 226 deals.

Access Corp traded 33 million shares in 492 deals.

On the value index, NAHCO traded stocks worth N961 million in 225 deals followed by Nigerian Breweries which traded equities worth N873 million in 106 deals.

Zenith Bank traded shares valued at N844 million in 419 deals.