As #ENDSARS Protest Surface : Investors Suffer N113bn Loss In Business Trading Nationwide

The investors’ sentiment was dampened as some key infrastructures in Lagos, the commercial nerve centre of the nation were set ablaze by the protesters. This led to a decline in the equity market by N113bn as bears maintained their grip on the local bourse.

It was recorded that market breadth closed negative as Royal Exchange lead 33 other losers the trading session on a negative note. As a result of this, all share index dipped 216.333 basis points or 0.75 percent to close at 28,449.49 index points as against 28,665.82 recorded the previous day.

It is a clear indication that the market capitalization of equities depreciated by N113bn from N14.98tn the previous day to N14.87tn as market sentiment remained on negative territory.

The market capitalization of equities depreciated by N113bn from N14,98tn the previous day to N14.87tn as market sentiment remained in negative territory.

“A turnover of 326.58 million shares exchanged in 4,367 deals was recorded in the day’s trading. It is also on record that the banking sub-sector boosted by the activities in the shares of Fidelity Bank Plc and GTBank Plc followed with a turnover of 60.08 million shares in 651 deals.”

The investors’ sentiment was dampened as some key infrastructures in Lagos, the commercial nerve centre of the nation were set ablaze by the protesters. This led to a decline in the equity market by N113bn as bears maintained their grip on the local bourse.

It was recorded that market breadth closed negative as Royal Exchange lead 33 other losers the trading session on a negative note. As a result of this, all share index dipped 216.333 basis points or 0.75 percent to close at 28,449.49 index points as against 28,665.82 recorded the previous day.

It is a clear indication that the market capitalization of equities depreciated by N113bn from N14.98tn the previous day to N14.87tn as market sentiment remained in negative territory.

Market capitalisation of equities depreciated by N113bn from N14,98tn the previous day to N14.87tn as market sentiment remained in the negative territory.