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, and Cornerstone Insurance, while Sterling Bank led in trade volume. Zenith Bank and Guaranty Trust were among the top traded equities.

Babajide Okeowo was mentioned in the article.