NGX reverses gain, investors lose N148bn to selloffs …C0NTINUE READING HERE >>>
The stock market reversed its gain on Wednesday, losing N148 billion or 0.25 per cent amid selling pressure in several key stocks.
The decline was primarily driven by selloffs in Aradel Holdings, Zenith Bank, FBN Holdings, Access Corporation, and Fidelity Bank, among others.
As a result, the market capitalisation, which opened at N59.707 trillion, dropped by N148 billion to close at N59.559 trillion.
Similarly, the All-Share Index declined by 0.25 per cent, shedding 249.4 points to close at 98,291.53, compared to 98,540.93 recorded on Tuesday.
Consequently, the Year-To-Date (YTD)…
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