Investors lose N73bn as Nigerian stock market slumps into Democracy Day holiday

Investors lost N73 billion after Thursday’s trading on the Nigerian Stock Market to end the week on a bearish note as the nation marks Democracy Day. 
Data from NGX showed that the market capitalisation declined by 0.05 per cent, closing at N156.969 trillion, down from N157.042 trillion recorded in the previous session.
The All-Share Index also shed 133.47 points, or 0.05 per cent, closing at 244,738.74 compared with 244,852.21 previously.
The market’s year-to-date return weakened to 57.27 per cent, while market breadth closed flat with 32 gainers and 32 losers.
On the losers’ chart, International Energy Insurance led, dropping 10 per cent to close at N7.11 per share. May and Bake...