NGX market cap sheds N193 billion to selloffs

Trading continues on NGX amid strike, investors lose N102.55bn

NGX market cap sheds N193 billion to selloffs …C0NTINUE READING HERE >>>

The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company (GTCO), among other declined equities were the primary drivers of the market’s relapse.

The Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.647 trillion, shed N193 billion or 0.35 per cent to close at N55.454 trillion.

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