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Investors lose N36bn as stock market slides further


141016-stockmarket-stock-816×427The Nigerian Exchange Limited on Tuesday continued its downward trend as investors lost N36bn at the close of trading.

The All-Share Index lost 65.47 points to settle at 55,722.9 from the 55,788.37 points recorded on Monday.

The market capitalisation also dropped by 0. 118 per cent to close the day at N30.355tn.

A total of 199,268,791 shares worth N2.813bn were traded on the floor of the exchange in 3,898 deals.

Market sentiments continued to be negative as 17 equities ended up on the losers’ table with only nine stocks gaining at the end of trading.

Topping the losers’ table were Chams which lost eight per cent to close trading at N0.23, Prestige Assurance Company which lost 7.32 in percentage terms to close at N0.38 and Linkage Assurance which closed at N0.41 after losing 6.82 per cent of its market value.

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