Investors record highest loss in Nigerian stock market

Investors on Thursday recorded N2.18 trillion successful losses astatine the Nigerian banal market. 

DAILY POST reports that Thursday’s banal diminution is the 4th clip and highest truthful acold this week.

Nigerian Exchange Limited Thursday’s trading information showed that marketplace capitalisation declined by 1.41 per cent, falling from N154.445 trillion to N152.266 trillion, reflecting a nonaccomplishment of N2.179 trillion successful the reappraisal period.

Similarly, the All-Share Index (ASI) dropped by 3,397.80 points oregon 1.41 per cent, closing astatine 237,404.92 compared to 240,802.72 recorded astatine the opening of the downturn.

Consequently, the market’s Year-to-Date (YTD) instrumentality erased to 52.56 per cent, portion the marketplace breadth closed antagonistic with 40 decliners against lone 13 advancers.

On the losers table, Cadbury, Africa Prudential and Triple Gee led by 10 per cent each, finishing astatine N62.10, N11.70 and N3.60 per share, respectively. Followed by John Holt and McNichols. 

On the flipside, Legend Internet topped the gainers’ illustration by 9.52 per cent, closing astatine N5.75; NPF Micro-finance Bank followed by 9.18 per cent, ending the league astatine N5.35, portion Transcorp grew by 7.32 per cent, settling astatine N44 per share.

Market enactment improved, with full traded measurement rising by 4.33 per cent to 691.64 cardinal shares valued astatine N116.85 cardinal successful 50,025 transactions.