Investors in the Nigerian equities market lost N444 billion at the close of trading on Wednesday.
This followed the slump in the share prices of stocks such as Learn Africa, Cadbury and Meyer, among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 143,064.57 points from the 143,763.13 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation decreased to N90.9 trillion from N91.4 trillion posted by the bourse on Tuesday.
The market breadth was positive with 29 stocks advancing, 27 stocks declining, and 90 stocks remaining unchanged in 19,919 deals.
An aggregate of 738,352,949 units of shares was traded, valued at N35.5 billion
AIICO, NCR Nigeria, and Ikeja Hotels led the gainers with 10%, 9.96% and 9.41% growth in share prices, respectively, to close at N3.52, N49.70, and N25.00 per share, up from the previous N3.20, N45.20, and N22.85 per share.
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Learn Africa, Cadbury and Meyer led other price decliners with a 10%, 9.92%, and 9.91% dip each in share price to close at N5.22, N53.10, and N14.55 per share, down from the previous N5.80, N58.10, and N14.55 per share
On the volume index, Guaranty Trust Holding Co led trading with 134 million shares in 1,010 deals, followed by Access Holding Co, which traded 110 million shares in 1, 128 deals.
First Holding Co traded 62 million shares in 254 deals.
On the value index, Guaranty Trust Holding Co traded stocks valued at N11.5 billion in 1,010 deals, followed by Stanbic IBTC, which traded equities worth N3.3 billion in 141 deals.
Nigerian Breweries traded shares valued at N2.5 billion in 231 deals.
Babajide Okeowo