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Stock investors lose N371bn in one day

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Published 10 March 2021
Investors on the Nigerian Stock Exchange on Tuesday lost N317bn in a trading session amid sell pressure on bellwethers, the News Agency of Nigeria reported.
Specifically, the market capitalisation which opened at N20.612tn shed N371bn or 1.80 per cent to close at N20.241tn.
Also, the All-Share Index dipped 709.72 points or 1.80 per cent to close at 38,686.85 from 39,396.57 achieved on Monday.
Accordingly, the month-to-date and year-to-date losses increased to 2.8 per cent and 3.9 per cent respectively.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Lafarge Africa, United Bank for Africa, Greif Nigeria, Northern Nigeria Flour Mills and Zenith Bank. ....

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Investors lose N120bn as stocks resume decline

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’Femi Asu
The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading.
The Nigerian Stock Exchange All-Share Index had risen by 0.33 per cent after investors on Monday, the first trading day of the month, after February saw investors record a total loss of N1.37tn.
But the benchmark index, ASI, fell by 0.59 per cent on Tuesday to 39,697.62 basis points from 39,931.63bps on Monday.
The market capitalisation of equities dropped by N120bn to close at N20.77tn on Tuesday from N20.89tn on Monday. ....

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