NGX: #EndBadGovernance protests impact equities market as investors lose N235bn

The Nigerian equities market felt the impact of the #EndBadGovernance protests on Thursday as investors lost N235 billion at the close of the day’s trading.

This followed the dip in the share prices of stocks like MECURE, THOMASWY and WAPIC, amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization crashed to N55.2 trillion from N55.5 trillion recorded by the bourse on Wednesday.

The All-Share Index (ASI) also decreased to 97,359.76 from 97,774.22 recorded the previous day.

The market breadth was negative as 22 stocks advanced and 19 declined, while 66 others remained unchanged in 6, 821 deals.

UCAP, CUTIX, and AFRIPRUD led other gainers with 9.95%, 9.94% and 9.94% growth each in share prices to close at N11.05, N5.64, and N9.40 from the previous N10.05, N5.13, and N8.55 per share.

On the flip side, MECURE, THOMASWY and WAPIC led other price decliners as they shed 9.94%, 9.74% and 8.24% each to close at N8.15, N1.76 and N0.78 from the initial N9.05, N1.95, and N0.85 per share.

On the volume index, ZENITH BANK led trading with 19 million shares valued at N651 million in 470 deals followed by OANDO which traded 19 million shares valued at N445 million in 697 deals.

ACCESS CORP traded 15 million shares valued at N289 million in 554 deals.

On the value index ZENITH BANK recorded the highest value for the day trading stocks worth N651 million in 470 deals followed by GUINNESS which traded equities worth N576 million in 33 deals.

UBA traded stocks worth N458 million in 504 deals.

By: Babajide Okeowo

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