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Investors lose N120bn as stocks decline

by 21st Century Chronicle
March 3, 2021
in Business Scene
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Activities on the Nigerian stock market resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading.

All-Share Index had risen by 0.33 per cent after investors on Monday, saw investors record a total loss of N1.37tn.

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However, the benchmark index, ASI, fell by 0.59 per cent on Tuesday to 39,697.62 basis points from 39,931.63bps on Monday.

Also, the market capitalisation of equities dropped by N120bn to close at N20.77tn on Tuesday from N20.89tn on Monday.

A total of 222.57 million shares valued at N5.39bn were traded in 4,470 deals on Tuesday, compared to 543.99 million shares valued at N1.89bn that were exchanged by investors in 4,673 deals on Monday.

Mutual Benefits Assurance Plc, which led the losers on Tuesday, saw its share price decline by 10 per cent to close at N0.36.

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