The Nigerian equities market extended its bearish trend on Thursday as investors lost N188 billion at the close of trading.

This followed the dip in the share prices of stocks like RT Briscoe, FTN Cocoa, and Oando amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization dipped to N55.2 trillion from N55.4 trillion recorded by the bourse on Wednesday.

The All-Share Index (ASI) also decreased to 96,210.20 from 96,537.48

The market breadth was negative as 19 stocks advanced and 28 stocks declined, while 65 stocks remained unchanged in 9,897 deals.

Berger, Meyer, and Tantalizer led other gainers with 10%, 10% and 7.81% growth each in share prices to close at N17.05, N5.83, and N0.69 from the previous N15.50, N5.30, and N0.64 per share.

On the flip side, RT Briscoe, FTN Cocoa, and Oando led other price decliners as they shed 10%, 9.80%, and 9.65% each to close at N2.34, N1.38 and N74.00 from the initial N2.60, N1.53, and N81.90 per share.

On the volume index, ZENITH BANK led trading with 56 million shares valued at N2.09 billion in 714 deals followed by Oando which traded 42 million shares valued at N3.18 billion in 2,108 deals.

GTCO traded 28 million shares valued at N1.29 billion in 362 deals.

On the value index, Oando recorded the highest value for the day trading stocks worth N3.18 billion in 2,108 deals followed by ZENITH BANK which traded equities worth N2.09 billion in 714 deals.

GTCO traded shares valued at N1.29 billion in 362 deals.

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