ECONOMY · FINANCE

EQUITY SHEDS N143 BILLION TO EXTEND BEARISH RUN TO SEVEN TRADING SESSIONS_Ehiabhi Femi

Investors on the Nigeria Stock Exchange (NSE) on Tuesday lost N143 billion to sustain bearish sentiment to seven (7) consecutive trading sessions, following price depreciation of bellwether stocks.  Consequently, the market breadth closed negative, recording 8 gainers as against 23 losers.

In summary, the All-Share Index (ASI) shed 297.10 absolute points, representing a decline of 1.11% to close at 26,384.21 points. Similarly, the overall Market Capitalization size lost N143.39 billion, representing a dip of 1.11% to close at N12.73 trillion.

ROYALEX emerged as the top gainer,  while  DAARCOMM emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; FIDSON (-8.82%), WEMABANK (-4.29%), NESTLE (-3.70%), MTNN (-1.69%), FBNH (-1.56%), DANGCEM (-1.41%), GUARANTY (-1.21%), and HONYFLOUR (-1.00%)

GTI Research

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