Local stock market opens September with bears, investors lose N19bn


The Nigerian Equities Market extended its negative outing for the third trading session of the week to start the month of September with bears.

Precisely, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) settled lower by 0.09 per cent to 39,148.22 basis points, with Year-to-Date loss increasing to -2.7 per cent.

Equities investors, on Wednesday, lost N19 billion as the market capitalisation stood at N20.416 trillion.
Bears maintained their grasp on the market breadth for the trading session as 17 counters in the losers’ chart were matched with 9 counters in the gainers’ chart.

AIICO gained 4.04 per cent to lead the gainer’s chart. It is flanked by Custodian Insurance,…

Source: Nigerian Tribune