Nigerian Equities Market Slumps, Investors Lose N110 Billion

The Nigerian equities market experienced a downturn as investors lost N110 billion, leading to a slump in the NGX benchmark share index. Key movers included LivingTrust Mortgage Bank (NGX: LIVINGTRUST) and McNichols (NGX: MCNICHOLS) Livestock Feed PLC.

Notable gainers were NCR Nigeria Universal Press Limited, while Zenith Bank PLC (NGX: ZENITHBANK) and Guaranty Trust Holdings were active in trade. Babajide Okeowo was mentioned in the article.

The market breadth was negative, with more stocks declining than advancing.