Investors in the Nigerian equities market lost N383 billion by the close of trading on Thursday, to halt its recent bullish run.
This followed a dip in the share prices of stocks such as Learn Africa, Fidson and Austin Laz , among others, on the trading floor.
The benchmark All-Share Index (ASI) decreased to 252,243.11 points from the 252,508.19 points recorded on the previous day.
After five hours of trading on the capital market, equity capitalisation fell to N161.6 trillion from N162 trillion posted by the bourse on Wednesday.
The market breadth was positive, with 37 stocks advancing, 28 declining, and 83 remaining unchanged in 74,822 deals.
A total of 1,039,594,411 shares were traded, valued at N41.6 billion.
Learn Africa, Fidson and Austin Laz led the gainers’ chart, with 10%, 9.97% and 9.95% growth in share prices, respectively, to close at N9.90, N124.60 and N4.09 per share, up from N9.00, N113.30 and N3.72 per share.
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Zichis, FTN Cocoa, and Meyer led other price decliners, with declines of 9.99%, 9.87%, and 9.83%, respectively, to close at N32.69, N9.95, and N21.55 per share, down from N36.32, N11.04, and N23.90 per share, respectively.
On the volume index, Chams led trading with 127 million shares in 1,621 deals, followed by VFD Group, which traded 107 million shares in 353 deals.
First HoldCo traded 75 million shares in 2,730 deals.
On the value index, Aradel traded stocks valued at N6.3 billion in 2,131deals, followed by First HoldCo, which traded equities worth N5.3 billion in 2, 730 deals.
MTNN traded shares valued at N3.4 billion in 5,666 deals.
Babajide Okeowo