NGX investors lose whopping N3.8 trillion after Tinubu visit

Investors successful the Nigerian Exchange Limited, NGX, recorded a monolithic nonaccomplishment of N3.8 trillion successful 4 trading sessions, ending the week connected a bearish enactment aft the absorption paid a sojourn to President Bola Ahmed Tinubu.

Data from the NGX showed that from Tuesday to Friday, the Nigerian banal marketplace continued its decline, shedding a full of N3.8 trillion.

Accordingly, the NGX shed N2.932 trillion connected Tuesday and Wednesday, N613 cardinal connected Thursday and N257 cardinal connected Friday.

During Friday’s trading, information from the NGX showed that marketplace capitalisation declined by 0.16 per cent to N156.623 trillion, from N156.880 trillion astatine the erstwhile close.

Also, the All-Share Index (ASI) dipped, shedding 398.18 points, oregon 0.16 per cent, to adjacent astatine 242,619.20, compared with the 243,017.38 recorded connected Thursday.

Friday’s downward show was driven by sell-offs successful stocks specified arsenic Fortis Global Insurance, Omatek Ventures, John Holt, RT Briscoe and Dangote Sugar, alongside 25 different decliners.

Fortis Global Insurance led the losers’ chart, declining by 9.31 per cent, portion International Energy Insurance led the gainers’ illustration with a 9.92 per cent increase, settling astatine N5.32.

During Friday’s trading, mark...