NGX Investors lose massive N2.93tn in two trading sessions

Investors connected the Nigerian Exchange Limited, NGX, mislaid a combined N2.932 trillion successful 2 trading sessions on Tuesday and Wednesday as the equities marketplace extended its bearish run.

Market information showed that investors shed N1.762 trillion on Wednesday pursuing the N1.17 trillion nonaccomplishment recorded on Tuesday.

Recall that investors lost N1.17 trillion from their portfolios on Tuesday as Wyatt, AVA Capital, International Energy Insurance and International Breweries led the losers’ chart.

Wednesday’s trading saw the equities marketplace widen its bearish trend, with marketplace capitalisation declining by 1.12 per cent to N157.493 trillion from N159.255 trillion recorded on Tuesday.

Similarly, the All-Share Index dropped by 2,756.48 points, oregon 1.12 per cent, to adjacent astatine 243,967.09, compared with 246,723.57 recorded successful the erstwhile session.

As a result, the market’s year-to-date instrumentality moderated to 56.78 per cent.

The diminution was driven by losses successful stocks including BUA Foods, Unilever, John Holt, AVA C...