Business

Investors lose N62bn as stock market closes on red

Published

4 years ago

on

November 29, 2022

By

Olusegun Odunewu

The Nigerian Exchange Limited (NGX) closed today’s trading session with a loss of N62 billion in market capitalization, even as bears regained dominance on the local bourse.

The All-Share Index (ASI) decreased by 0.23% to close at 47,322.97 points. In the same vein, market capitalization depreciated by N62 billion.

As of the close of the market on Tuesday, the stock market value stood at N25.7 trillion. Since the start of the year, the stock market has advanced by 4606.53 basis points or 10.78%.

Meanwhile, market breadth closed negative as CHAMS led 13 gainers, with 14 losers topped by NEIMETH at the end of today’s session.

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