NGX: Investors lose N52 billion on market capitalisation

NGX: Investors lose N52 billion on market capitalisation

Investors witnessed a drop in market capitalisation at the close of Tuesday’s trading session at the Nigeria Exchange Group Limited, NGX.

The second trading day of the week saw major market indices declined marginally by at 0.19 percent and N52 billion respectively, reversing the positive sentiment which has persisted in the stock market for 17 consecutive sessions.
The NGX All Share Index depreciated by 97.07 basis points representing a 0.19 percent decrease to close at 51, 805.41 compared to Monday’s 51,902.48.

Similarly, the market capitalisation declined by over N52 billion to close close at N27, 921 lower than the N27.981 trillion of the previous day.

The Volume of trade also dropped to 331.3 million shares in 6,689 deals from the 337.5 million shares which exchanged hands in 7,684 deals the previous day.

Mercy Chukwudiebere

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