Nigerian Equities Market Slumps, Investors Lose N34 Billion

The Nigerian Stock Exchange (NSE) witnessed a downturn as investors lost N34 billion within a five-hour trading period. Notable companies such as Cham PLC, Haldan McCall, and UAC Nigeria saw their stock prices drop.

The All-Share Index (ASI) fell to 146,940.29 points. Top gainers included Japaul Gold and Prestige Assurance (NGX: PRESTIGE), while Cutix (NGX: CUTIX) led in trade volume.

Major trades involved FCMB (NGX: FCMB), Consolidated Hallmark PLC, Guaranty Trust Holdings PLC, Fidelity Bank (NGX: FIDELITYBK), and Access Corp Holdings.