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Equities investors lose N363bn as bears persists at NGX Equities investors lose N363bn as bears persists at NGX
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Negative sentiments persist at the Nigerian Exchange Limited (NGX) leaving the All Share Index (ASI) depreciating by 1.81 per cent on Tuesday.
Basically, losses in large-cap stocks like Airtel Africa, Presco, BUA Cement pushed the local stock market to a new year-low as the ASI stood at 37,847.07 basis points, bringing its Year-to-Date performance to -6.02 per cent.
Market Capitalisation followed the direction of the ASI to stand at N19.726 trillion, a 1.81 per cent loss from the N20.089 trillion it stood at the end of the previous trading session.