NGX: Investors Lose Over N2.5tr In Two Days As Equities Market Tumbles

It is a period of losses for investors in the Nigerian equities market as the exchange tumbled for the second consecutive day costing investors over N2.5tr in profits. 

On Monday, the equities market recorded a whopping trading loss of N1.8tr as various stocks took a tumble.

This followed a decline in the market capitalization to N56.028 trillion from N57.850 trillion posted by the bourse on Friday last week. 

Similarly, the All-Share Index (ASI) decreased to 102,393.23 from 105,722.78 recorded the previous day.

Read Also: NGX: Investors Make N345bn Profit As Equities Market Reverses 4-Days Losing Streak

 The market breadth also closed negative as 18 stocks advanced, 36 stocks declined, while 68 stocks remained unchanged in 9,688 deals. 

The trend continued on Tuesday as investors made another loss of N729bn. Market capitalization declined further by N729.10 billion to N55.299 trillion from N56.028 trillion posted by the bourse on Monday.

 Similarly, the All-Share Index (ASI) decreased to 101,060.67 from 102,393.23 recorded the previous day. 

The market breadth also closed negative as stocks advanced and 43 stocks declined, while 63 stocks remained unchanged in 8,607 deals.

 It is left to be seen how the remaining trading days of the week will pan out.