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Investors drop N189bn as Nigeria’s capital market continues losing streak

Investors in the Nigerian capital market lost N189.06 billion at the close of trading on Friday, IgbereTV reports

This followed the dip in equity capitalization by -0.7 percent from N26.97 trillion to N26.78 trillion on the trading floor on Friday.

Similarly, the All-Share Index crashed by 350.53 basis points to close at 49,664.07, down from 50,014.6 posted the previous day.

Investors traded 750.28 million shares worth N5.30 billion in 4,076 deals today.

This surpassed the 133.59 million shares valued at N1.60 billion which exchanged hands in 4,292 deals on Thursday.

Meanwhile, BUA Foods led the gainers with N5.45kobo to rise from N54.50kobo to N59.95kobo per share.

NEM gained N0.40kobo to move from N4.01 to N4.41kobo per share.

Courtville’s share value was up by 9.80 percent to end trading with N0.56kobo from N0.51kobo per share.

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