Home Business The market sees another negative close as investors lose N5bn

The market sees another negative close as investors lose N5bn


In the absence of any serious positive catalyst Nigerian Stock Market Another bearish trading session is expected on Wednesday, September 7th.

The benchmark market performance index was down 0.02 percent, and positive year-to-date (YTD) returns fell to 16.20 percent.

Investors on Wednesday lost about N5 billion as Fidelity Bank Plc led the decliners after its share price fell from N3.46 to N3.45, losing 1 kobo or 29 percent. NEM Insurance led the list of other stocks after its share price rose by 44 kobo or 8.53 percent from 5.16 to 5.60.

Read also: Lafarge, NGX Group lead laggards as market opens week on negative note

The All Share Market Index (ASI) and Capitalization declined further from the previous day’s highs of 49,644.92 points and N26.777 trillion respectively to 49,635.76 points and N26.772 trillion.

Traders exchanged 128,941,044 shares worth N1.668 billion in 3,426 transactions.Mutual Benefit, Zenith, GTCO, NEM and Fidelity Bank were the top five most traded stocks.

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