Nigerian Investors Lose N1.3 Trillion as Equity Market Capitalization Falls

The Nigerian Stock Exchange (NGX) witnessed a significant drop in equity capitalization to N95.6 trillion, resulting in investors losing N1.3 trillion. The market experienced a decline in share prices of companies like Transcorp and Sky Aviation, leading to a negative market breadth with 16 stocks advancing, 46 declining, and 84 remaining unchanged.

Notable gainers included NCR, Legend Internet (NGX: LEGENDINT), and Cornerstone Insurance (NGX: CORNERST), while Sterling Bank led in trade volume. Zenith Bank (NGX: ZENITHBANK) and Guaranty Trust were among the top traded equities.

Babajide Okeowo was mentioned in the article.