Equities market records N276bn loss to begin week in red – NGX

Investors in the Nigerian equities market lost N276 billion at the close of trading on Monday.

This followed a dip in the share prices of stocks such as Secure Electronics, May and Baker and Legend Internet, among others on the trading floor.

The benchmark All-Share Index (ASI) decreased to 200,484.43 points from the 200,913.06 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation dropped to N128.6 trillion from N128.8 trillion posted by the bourse on Friday.

The market breadth was negative, with 33 stocks advancing, 36 declining, and 79 remaining unchanged in 60,311 deals.

A total of 593,250,752 shares were traded, valued at N25.6 billion.

Austin Laz, Zichis and Trans-Nationwide Express led the gainers’ chart, with 9.99%, 9.93% and 9.65% growth each in share prices, respectively, to close at N4.41, N15.16, and N2.84 per share, up from N4.01, N13.79, and N2.59 per share.

Secure Electronics, May and Baker and Legend Internet led other price decliners with a 10%, 9.42% and 8.67% dip each in price to close at N1.17, N38.00, and N6.85 per share, down from the previous N1.30, N41.95, and N7.50 per share.

On the volume index, Access Holding led trading with 86 million shares in 2, 314 deals, followed by First Hold Co, which traded 84 million shares in 670 deals.

Secure Electronics traded 31 million shares in 383 deals.

On the value index, First HoldCo traded stocks valued at N4.2 billion in 670 deals, followed by Zenith Bank, which traded equities worth N2.6 billion in 3, 468 deals.

Nestle traded shares valued at N2.2 billion in 253 deals.