Investors lose N958bn as NGX deepens market downturn

Investors’ wealth fell by N958 billion after Thursday’s closing session at the Nigerian stock market.

According to data from the Nigerian Exchange Limited, market capitalisation declined 0.64 percent, closing at N149.888 trillion versus N150.846 trillion the day before.

The All-Share Index (ASI) also fell 1,493.71 points, a 0.64 percent drop, ending at 233,580.83 compared with 235,074.54 earlier.

Market breadth was negative, with 34 stocks losing and 14 gaining, and the year‑to‑date return eased to 50.10 percent.

Among the losers, Aradel Holdings and Deap Capital Management each fell 10 percent, closing at N1,575.00 and N4.05 per share.

On the gainers’ side, Red Star Express topped the list with a 9.60 percent rise, closing at N24.55, followed by Legend Internet, up 9.09 percent to N6.00.

Trading activity fell, with total volume down 19.35 percent to 393.65 million shares, worth N19.21 billion, across 45,813 transactions.

Access Holdings dominated the volume chart with 39.05 million shares, 9.92 percent of all trades, while Lafarge Africa had the highest transaction value at N2.25 billion, 11.70 percent of total turnover.