Investors in Equities Market lose N395.4bn in 3 days

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Investors in equities market of the Nigerian Stock Exchange (NSE) in three days has lost accumulated N395.4 billion as demand wanes ahead of earnings season.

The Market Capitalization shed N395.4 billion, representing a decline of 2.5per cent to close at N15.6 trillion on Wednesday from N16.02 trillion the market opened for trading this week.

Similarly, the NSE All-Share Index (ASI) shed 1,101.83 basis points, representing a decline of 2.5 per cent to close at 43538.16 basis points from 44639.99 basis points.

Accordingly, the Month-to-Date and Year-to-Date returns moderated further to -1.82 per cent and 13.85 per cent respectively.

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