’Femi AsuInvestors in the nation’s stock market lost a total of N326bn in January as bearish sentiment persisted. The equities market opened the year on a negative note as investors lost N134.4bn at the close of trading on the first trading day of the year. The market capitalisation dropped by 1.89 per cent to N11.394tn on Thursday from N11.614tn the previous day while the ASI fell to 30,557.20 bps from 31,145.34 bps. Red Star Express Plc, which led the losers’ table, saw its share price dip by 9.09 per cent to close at N5. First Aluminium Nigeria Plc, Niger Insurance Plc, Honeywell Flour Mill Plc and Julius Berger Nigeria Plc lost 8.57 per cent, 8.33 per cent, 7.69 per cent and 7.14 per cent respectively to close at N0.32, N0.22, N1.20 and N26 per share.

Source: Punch January 31, 2019 23:48 UTC