Investors lose N36bn amidst sliding stock market

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The Nigerian Exchange Limited on Tuesday maintained its downward trend as investors lost N36bn at the close of trading.

 

The All-Share Index lost 65.47 points to settle at 55,722.9 from the 55,788.37 points recorded on Monday.

 

The market capitalisation also dropped by 0. 118 per cent to close the day at N30.355tn.

 

A total of 199,268,791 shares worth N2.813bn were traded on the floor of the exchange in 3,898 deals.

 

Market sentiments continued to be negative as 17 equities ended up on the losers’ table with only nine stocks gaining at the end of trading.

 

Topping the losers’ table were Chams which lost eight per cent to close trading at N0.23, Prestige Assurance Company which lost 7.32 in percentage terms to close at N0.38 and Linkage Assurance which closed at N0.41 after losing 6.82 per cent of its market value.

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Francis Ogwo
The young and goal driven writer and cinematographer started his journalism as a print journalist in Kaduna in 2005 writing for Kaduna Chronicles Newspapers, Liberator Newspapers where he became the South Bureau Chief. In 2008, he moved into TV production with an employment into Siverbird Television and Rhythm Fm as a Correspondent. He got certified by Independent Television Producers Association of Nigeria(ITPAN) in 2009. After five years of hardwork and training, he was employed as Associate Producer, Moments With Mo and subsequently Producer, Playground on HipTV. Francis currently majors in documentaries and high profile scripts for news and movies. He is currently a Senior Contents Producer at News Central TV

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