Business
NGX: Investors close week with N206bn loss
The Nigerian equities market closed the week with a loss of N206 billion by investors on Friday.
This followed the dip in the share price of PZ, ETI and First Bank, amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization crashed to N55.2 trillion from N55.4 trillion posted by the bourse on Thursday.
Similarly, the All-Share Index (ASI) decreased to 97,612.51 from 97,978.02 recorded the previous day.
The market breadth was negative as 16 stocks advanced, 19 declined, while 84 others remained unchanged in 7,585 deals.
INTENEGINS, CUTIX, and JAIZ BANK led other gainers with 9.93%, 9.84% and 8.00% growth in share price to close at N1.55, N3.35, and N2.16 from the previous N1.41, N3.05, and N2.00 per share respectively.
READ ALSO: MTNN, Zenith Bank, GTCO, Julius Berger top list of stocks to watch this week
On the flip side, PZ, ETI and First Bank led other price decliners as they shed 10%, 9.98% and 9.31% each to close at N19.80, N21.65 and N20.45 from the initial N22.00, N24.05 and N22.55% per share.
On the volume index, ETI traded 554 million shares valued at N12.01 billion in 42 deals followed by UBA which traded 38.932 million shares worth N743 million in 817 deals.
Zenith Bank traded 24.485 million shares valued at N738 million in 616 deals.
On the value index, ETI recorded the highest value for the day trading stocks worth N12.01 billion in 42 deals followed by UBA which traded equities worth N743 million in 817 deals.
Zenith Bank traded stocks worth N738 million in 616 deals.
By: Babajide Okeowo
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...