Investors lose N169bn as market continues losing streak
he domestic equities market extended its losses to the second trading session of the week on the back of sustained losses in NIGERIAN BREWERIES , NESTLE and UNILEVER which saw N169bn wiped off investors’ wealth as market capitalisation fell to N11.4tn.
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Senate urges FG to invest more in preventing corruption than fighting it – Daily TrustThe Senate has advised the Federal Government to invest more in preventing corruption than fighting it. The Chairman, Senate Committee on Public Accounts, Sen. Matthew Urhoghide, made the call when the Auditor-General of the Federation, Mr Anthony Ayine, appeared before the committee to defend the 2019 budget of his office on Wednesday.ADVERTISEMENT Urhogide said to …
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Sell pressure hits stock market as investors lose N78.7bn – Daily TrustSell pressure in the banking stocks – Guaranty (-3.7%), Stanbic (-5.2%) and FBNH(-2.4%) has seen investors lost N78.7billion in value as market capitalisation fell to N11.6trillion yesterday. It also dragged the benchmark index 67 basis points (bps) lower to settle at 30,829.45 points, while the year to date (YTD) return worsened to -1.9%.ADVERTISEMENT Accordingly, activity …
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