Equities investors lose N719bn as banking stocks decline

Equities investors on the Nigerian Exchange Limited (NGX) lost N718.95bn on Wednesday as renewed sell-offs in banking stocks, including FirstHoldco, Guaranty Trust Holding Company (GTCO), Zenith Bank and FCMB, dragged the market lower. The market’s All-Share Index declined by 1,107.28 basis points, representing a 0.44 per cent drop, to close at 252,882.78 points. Consequently, market […]