NGX: Investors lost N121BN because the bearish sentiment hit the stock market

The Nigerian equity market experienced a trading day bearish on Wednesday because investors lost N121 billion at the close of training that day.

This follows a decrease in stock prices such as Thomas Wyatt PLC, UPDC PLC and Legend Internet, among others, on the trading floor.

The Benchmark All-Share Index (ASI) decreased to 146,055.89 points from 146,055.89 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity crashed into N92.2 trillion from N92.4 trillion posted by Bourse on Tuesday.

The extent of the positive market, with 53 advanced shares, 21 shares declined, and 72 shares remaining did not change in 30,749 offers.

Learn Africa PLC, Tripple Gee & Co. PLC and Prestige Assurance Company lead other winners with 10% growth each in prices closed on N7.70, N5.17, and N2.42 from N7.00, N4.70 and N2.20 per previous share.

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Thomas Wyatt PLC, UPDC PLC and Internet Legend led other prices of 10%, 7.94%, and 6.35%stock price reduction closed on N3.42, N8.00 and N5.60 from N3.80, N8.69 and N5.98 per previous share.

In the volume index, Universal Insurance PLC led trade with 193 million shares in 100 agreements, followed by Japaul Gold and Ventures PLC, which was traded 123 million shares in 730 agreements.

Veritas Capital Assurance PLC traded 93 million shares in 313 agreements.

In the value index, the Access Holdings PLC is traded by N2.3 billion in shares in 1, 349 transactions, followed by Zenith Bank PLC, who trade equity worth N1.8 billion in 1,077 agreements.

Aradel Holdings PLC traded shares worth N1.6 billion in 510 agreements.

By: Babajide Okeowo