Investors lose N115bn as stocks reverse gains

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    Investors lost a total of N115bn on Thursday as the nation’s stock market closed in the red amid profit-taking activities.

    The Nigerian Stock Exchange All-Share Index declined by 0.89 per cent as market breadth closed negative with only seven gainers as against 26 losers.

    The ASI dipped by 220.65 basis points to close at 24,374.40bps from the 24,595.05bps recorded the previous trading session.

    The market capitalisation of equities dropped to N12.72tn from N12.83tn the previous day amid negative sentiment.

    A turnover of 180.12 million shares was traded in 3,889 deals on Thursday.

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