Equities market reverses bullish trend as investors lose N70bn - Tellbrief.com

Equities market reverses bullish trend as investors lose N70bn

This decline led to a 0.12 percent decrease in market capitalisation, closing at N56.

08 trillion, resulting in a N70 billion loss for investors due to sell-offs. Despite the negative sentiment, market breadth was positive as 26 stocks gained while 29 stocks declined.

Sectoral performance was mostly positive, with the insurance sector up 0.86 per cent, the oil/gas sector rising 1.

98 per cent, and the industrial goods sector up 0.01 percent .

Despite this, trading value surged by 39.92 percent to N8.

34 million. Wapic Insurance was the most traded stock by volume, with 402.

3 million units worth N321.8 million exchanged in 28 deals.

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