Investors book N1.01trn loss as stocks fall further.

Nigeria’s equities market furthered its loss path on Wednesday by 1.90percent (N1.01trillion) as investors sold mostly shares of Lafarge Africa, Zenith Bank, May & Baker, Sterling Financial Holdings Company, Transcorp, and UPDC. Following two-day sell pressure on the Nigerian Bourse, the market has decreased this week by 1.22percent. This negative came as investors continued to take profit across sectors. The year-to-date (YtD) return stood lower at 35.28 percent after the market’s negative close. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased from preceding trading day’s highs of 103,110.15 points and N56.425trillion respectively to 101,154.45 points and N55.357trillion. To read further, click HERE.

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