Investors lose N67bn as market dips

Bisola David
Bisola David
Investors lose N67bn as market dips

By Melvin Onwubuke


The Nigerian stock market could not maintain the early trading trend as it returned to the red zone with equity investors loosing N67 billion on Thursday.

The market capitalization settled at N55.40 trillion as selloffs in insurance, consumer goods and banking sectors hauled the All-Share Index to a 0.12 percent closing at 101,239.10 points from preceding days’s 101,362.38 as reported by The Punch.

The Market’s Year-to-date return remained in positive zone of 35.39 percent.

Investors exchanged 253,997,201 shares worth N4.94 billion trade in 7,248 deals.

Market breadth was negative.

UBA, Zenith, FBN Holdings, Access Holdings and Prestige Assurance were actively trading stocks.

Top gainers were Sunu Assurance Plc, Omatek and Juli.

Daar Commications lost 10 percent to close at N.72; Wema Bank by lost 9.93 percent to close at N7.80 while PZ Cussons shed 9.89 percent to close at N24.60 per share respectively.

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