Stock Market Loses N113bn over security situation

22 Oct Stock Market Loses N113bn over security situation

The stock market lost N113 billion yesterday as investors’ responded to the security situation in the country.
The market had remained stable since Monday with marginal gains following profit taking after weeks of a bull run.
However, investors reduced their demand for equities yesterday as they reacted after Tuesday attack on #EndSARS protesters at Lekki Tollgate, Lagos.

The Nigerian Stock Exchange (NSE) All-Share Index declined by 0.75 per cent from 28.665.82 to 28,449.49, while market capitalization shed N113 billion from N14.983 trillion to N14.870 trillion.
Market operators said most investors were showing more concern about their safety first before thinking of investing.