Bears Regain Control On Stock Market As Investors Lose N109bn

The Nigerian stock market closed slightly lower on Friday, as the NGX All-Share Index declined by 0.07 per cent to 247,539.73 points.
This reducing its year-to-date return to 59.07 per cent and trimming market capitalisation by N109 billion to N160.73 trillion.
Despite the decline, investor sentiment remained relatively positive, with 26 advancers outnumbering 21 decliners. Thomas Wyatt Nigeria recorded the highest price gain of 10 per cent to close at N2.42, per share. eTranzact International followed with a gain of 9.84 per cent to close at N17.30, while Austin Laz and Company up by 9.77 per cent to close at N2.92, per share.
Omatek Venture rose by 9.59 per cent to close at N1.60,...