HomeBUSINESSNSE: investors lost N160.3 billion on Tuesday, as market indicators closed in the negative.

NSE: investors lost N160.3 billion on Tuesday, as market indicators closed in the negative.

 

At the close of trading on Tuesday, investors lost one hundred and sixty point three billion naira as all the indicators closed red.

The equity capitalization fell to twenty –one point nine trillion naira from twenty-two point one -five trillion, a one hundred and sixty point three-billion-naira loss.

The All Share Index fell to forty-two thousand forty-three point seven nine points, from forty-two thousand, three hundred and fifty-seven point nine points traded on Monday.

The volume of stocks traded fell from five hundred and eighty-six point eight million to five hundred and fifty-six million.

Similarly, the value fell to four point seven billion from six billion naira traded on Monday.

The bears dominated the floor on the activity chart. There were only nine gainers against fifty losers

The loss was anchored by high volume of shares traded by financial sectors in which there were reduction in their share prices.

The companies were ZENITH BANK, ACCESS BANK, FIRSTBANK HOLDINGS and UBA.

The highest loser was LINK ASSURANCE PLC while CHAMPION BREWERIES was on top among the nine gainers.

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