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Airtel, 25 others drag stocks down, investors lose N340bn

Punch Newspapers Sections Published 16 June 2021 The Nigerian stock market reversed all of last week’s gains on Tuesday as Airtel Africa Plc and 25 other companies recorded losses. Investors lost N340bn at the end of trading on the floor of the Nigerian Exchange Limited on Tuesday, compared to a total gain of N230bn recorded last week. The NGX All-Share Index fell by 1.66 per cent to 38,507.29 basis points from 39,156.28bps while the market capitalisation dropped to N20.07tn from N20.41tn. The ASI and market capitalisation had last week appreciated by 1.11 per cent. A total of 297.35 million shares valued at N3.65 billion were traded by investors in 4,402 deals on Tuesday.

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