Investors lose N958bn as NGX extends bloodbath

Investors’ wealthiness dropped further by N958 cardinal aft the adjacent of trading astatine the Nigerian banal marketplace on Thursday. 

Data from Nigerian Exchange Limited showed that marketplace capitalisation fell by 0.64 per cent to adjacent astatine N149.888 trillion, down from N150.846 trillion successful the erstwhile session.

Similarly, the All-Share Index (ASI) shed 1,493.71 points, oregon 0.64 per cent, to settee astatine 233,580.83, compared with 235,074.54 recorded earlier.

Market breadth closed negative, with 34 losers against 14 gainers, portion the year-to-date instrumentality moderated to 50.10 per cent.

On the losers’ table, Aradel Holdings and Deap Capital Management led with 10 per cent each, closing astatine N1,575.00 and N4.05 per share, respectively.

On the flipside, Red Star Express led the gainers’ illustration with 9.60 per cent to adjacent astatine N24.55, followed by Legend Internet, which roseate 9.09 per cent to N6.00.

Trading activity, however, declined arsenic full measurement fell by 19.35 per cent to 393.65 cardinal shares valued astatine N19.21 cardinal crossed 45,813 deals.

Access Holdings led the measurement illustration with 39.05 cardinal shares, represent...