Nigerian stock market extends bearish streak as investors record fresh N758bn loss 

The Nigerian banal speech extended its bearish streak on Wednesday with investors signaling a nonaccomplishment of N758 billion. 

 Data from the Nigerian banal marketplace on Wednesday show that the marketplace capitalisation declined by N758 billion, oregon 0.49 per cent, to N154.445 trillion from N155.203 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) shed 1,182.08 points, representing a 0.49 per cent decline, to adjacent astatine 240,802.72, compared with 241,984.80 successful the erstwhile session.

This weakened the market’s Year-to-Date (YTD) instrumentality to 54.74 per cent.

The marketplace breadth besides closed negatively with 51 losers against 13 gainers.

The losers’ array was led by Geregu, dropping by 10 per cent, closing astatine N1,019.30.

Okomu Oil trailed by 9.97 per cent, finishing astatine N1,418, portion Red Star Express shed by 9.95 per cent, ending the league astatine N27.60 per share.

On the flipside, Neimeth Pharmaceuticals led the gainers’ illustration by 9.47 per cent, settling astatine N9.25, followed by Cornerstone Insurance and VFD Group, Mc Nichols and Sunu Assurances.

Further investigation indicated that marketplace enactment improved during the trading session, with full measurement traded rising by 23.79 per cent to 662.96 cardinal shares valued astatine N39.98 cardinal crossed 51,143 transactions.

Accordingly, Access Cor...