The Nigerian equities market depreciated further on Thursday, as investors lost N459 billion at the close of the day’s trading.
This followed the dip in the share prices of stocks like International Energy Insurance, Omatek Ventures Plc, and Ellah Lakes Plc, among others, on the trading floor.
The benchmark All-Share Index (ASI) crashed to 140,557.24 points from the 141,248.76 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation dropped to N88.9 trillion from N89.3 trillion posted by the bourse on Wednesday.
The market breadth was negative with 19 stocks advancing, 39 stocks declining, and 78 stocks remaining unchanged in 26,163 deals.
Scoa Nigeria, RT Briscoe, and NEM Insurance Plc led other gainers with 10%, 9.80% and 7.96% growth each in prices to close at N6.05, N3.36, and N31.20 from the previous N5.50, N3.06, and N28.90 per share.
International Energy Insurance, Omatek Ventures Plc, and Ellah Lakes Plc led other price decliners with 9.62%, 8.97% and 8.49% dip in share prices to close at N3.29, N1.32, and N13.68 from the previous N3.64, N1.45, and N14.95 per share.
On the volume index, Champions Breweries led trading with 160 million shares in 160 deals, followed by Access Holdings Plc, which traded 102 million shares in 1,467 deals.
On the value index, Guaranty Trust Holdings Plc (GTCO) traded stocks valued at N8.8 billion in 1,478 deals, followed by Aradel Holdings, which traded equities worth N3.5 billion in 379 deals.
Champions Breweries traded shares valued at N3.4 billion in 160 deals.