Investors in the Nigerian equities market lost N31 billion at the close of trading on Friday.

Trading resumed at the capital market after the Christmas holiday on Friday.

The loss followed the dip in the share prices of stocks like HONEY FLOUR, RT BRISCOE, and NEIMETH amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization fell to ₦61.91 billion from ₦61.94 trillion recorded by the bourse on Tuesday.

The benchmark All-Share Index (ASI) also decreased to 102,133.30 from 102,186.03 recorded during the last trading.

The market breadth was positive as 42 stocks advanced and 18 stocks declined, while 63 stocks remained unchanged in 12,551 deals.

UPL, WAPIC, and MULTIVERSE led other gainers with 10% growth each in prices to close at N3.85, N1.87 and N0.55 from the previous N3.50, N1.70 and N0.50 per share.

READ ALSO: NGX: Aradel, Conoil other stocks soar as investors gain N188bn

HONEY FLOUR, RT BRISCOE, and NEIMETH led other price decliners with 9.09%, 5.66%, and 5.47% decline each in share prices to close at N6.30, N2.50, and N1.90 from the previous N6.93, N2.65, and N2.01 per share

On the volume index, UBA led trading with 41 million shares in 838 deals followed by ACCESS CORP which traded 35 million shares in 857 deals.

ZENITH BANK traded 33 million shares in 466 deals.

On the value index, SEPLAT traded stocks worth N3 billion in 76 deals followed by ZENITH BANK which traded equities worth N1.5 billion in 466 deals.

UBA traded shares valued at N1.4 billion in 838 deals.

By: Babajide Okeowo

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