Stock Investors Lose N2.18trn In Thursday Trading As Bears Tighten Grip

The Nigerian equities market extended its bearish run, with the overall capitalisation declining by N 2.179 trillion.
The All-Share Index (ASI) lost 3,398.80 points, representing a loss of 1.41 per cent to close at 237,404.92 points. Also, market capitalisation shed N2.179 billion to close at N152.266 trillion.
The decline was driven by price depreciation in large and medium capitalised stocks, amongst which are: Dangote Cement, Cadbury Nigeria, Niger Exchange Group, Dangote Sugar Refinery and Stanbic IBTC Holdings.
On market outlook, Cowry Assets Management Limited said, “the market is expected to sustain its bearish trend, weighed down by continued profit-taking activity and linge...