Investors lose N1.2trn as equities market collapses in one week 

…Equities end week in red as investors lose N132bn

Investors in the Nigerian equities market experienced a trading week to forget this week losing a massive N1.2 trillion on the floor of the Nigerian Xchange Group (NGX) as equity capitalisation decreased from N60.26 trillion to N59.03 trillion.

This follows a gain of N801 billion in the previous week.

The bourse recorded losses in all the five trading days of the week.

The market capitalisation decreased from N60.26 trillion to N59.03 trillion.

Similarly, the All-Share Index (ASI) depreciated by 2.03 percent to close the week at 98,070.28 points from 97,432.02 recorded the previous week.

The Nigerian equities market began the week on Monday, October 28, 2024, with losses as investors lost N414 billion at the end of the trading session.

The market closed on Tuesday, October 29, 2024, with a loss of N394.37 billion.

The trend continued all through the week as investors lost N21.11 billion at the end of the trading session on Wednesday, October 30, 2024.

On Thursday, October 31, 2024, investors lost N225.41 billion at the end of the trading session.

The market closed negative on Friday, November 1, 2024, as investors lost another N132 billion at the end of the trading session.

A total turnover of 2.717 billion shares worth N54.632 billion in 46,848 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.142 billion shares valued at N85.946 billion that exchanged hands last week in 41,217 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.821 billion shares valued at N28.958 billion traded in 20,173 deals; thus contributing 67.01 percent and 53.01 percent to the total equity turnover volume and value respectively.

The ICT Industry followed with 389.848 million shares worth N6.560 billion in 2,515 deals. Third place was the Conglomerates Industry, with a turnover of 160.993 million shares worth N4.746 billion in 3,623 deals.

Trading in the top three equities namely Fidelity Bank Plc, Chams Holding Company Plc and United Bank for Africa Plc (measured by volume) accounted for 1.225 billion shares worth N17.721 billion in 4,912 deals, contributing 45.10 percent and 32.44 percent to the total equity turnover volume and value respectively.

Thirty-nine (39) equities appreciated during the week lower than fifty-eight (58) equities in the previous week. Forty-five (45) equities depreciated higher than eighteen (18) in the previous week, while sixty-eight (68) equities remained unchanged, lower than seventy-six (76) recorded in the previous week.

Transnational Corporation Plc recorded the biggest share price increase in percentage gaining 314.03 percent followed by Eunisell Interlinked Plc which increased its share price by 60.57 percent in the process.

John Holt Plc also increased its share price by 20.00 percent.

On the flip side, Aradel Holdings Plc recorded the biggest decline in share prices by percentage shedding 25.75 percent followed by Caverton Offshore Support Grp Plc which shed 20.00 percent of its share prices.

Ellah Lakes Plc also shed 12.59 percent off its share prices.

…Equities ends week in red as investors lose N132bn

Meanwhile, investors in the Nigerian equities market lost N132 billion at the close of trading on Friday.

This followed the dip in the share prices of stocks like Aradel, Ellah Lakes, and Multiverse amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalisation crashed to N59.03 trillion from N59.1 trillion recorded by the bourse on Thursday.

After five hours of trading at the capital market, the equity capitalization crashed to N59.03 trillion from N59.1 trillion recorded by the bourse on Thursday.

The benchmark All-Share Index (ASI) dropped to 97,432.02 from 97,651.23 recorded the previous day.

The market breadth was negative as 23 stocks advanced and 30 stocks declined, while 67 stocks remained unchanged in 8,803 deals.

John Holt, Eunisell, and Redstarex led other gainers with 10 percent, 9.98 percent and 9.83 percent growth each in share prices to close at N3.30, N5.62, and N4.47 from the previous N3.00, N5.11 and N4.07 per share.

Aradel, Ellah Lakes, and Multiverse led other price decliners with 10 percent, 9.92 percent, and 9.66 percent decline each in share prices to close at N445.60, N3.54, and N7.95 from the previous N495.10, N3.93 and N8.80 per share.

On the volume index, Fidelity bank led trading with 540 million shares in 344 deals followed by Jaiz bank which traded 68 million shares in 126 deals.

Chams traded 49 million shares in 96 deals.

On the value index, Fidelity bank topped as the bank traded securities worth N7.6 billion in 344 deals followed by ARADEL which traded equities worth N2.3 billion in 1, 046 deals.

Zenith bank traded stocks worth N1.6 billion in 545 deals.