NGX: Investors lose N4.5tn in six consecutive sessions after management’s visit to Tinubu

3 hours ago 8

Investors successful the Nigerian banal marketplace person mislaid astir N4.5 trillion successful six consecutive trading sessions.

The prolonged bearish tally saw investors suffer N3.8 trillion successful 4 trading sessions past week, followed by further losses of N106 cardinal and N544 cardinal on Monday and Tuesday this week, respectively.

DAILY POST reports that the NGX Group management, led by its Chairman, Umaru Kwairanga, and Group Managing Director and Chief Executive Officer, Temi Popoola, visited President Tinubu astatine the Presidential Villa connected August 6.

Since the visit, the equities marketplace has recorded six consecutive sessions of losses, with the combined diminution present lasting astatine N4.45 trillion, oregon astir N4.5 trillion.

The marketplace began the existent week connected a bearish note, with investors losing N106 cardinal on Monday. The sell-off persisted on Tuesday, arsenic different N544 cardinal was wiped disconnected marketplace capitalisation.