Investors lose ?638bn as NGX All-Share Index drops by 1.4%

In 20,223 transactions, 1.64 billion shares worth ?25.38 billion were traded.Due to price declines reported by Tier-1 bank equities and certain other stocks, the Nigerian Exchange Ltd. ended the trading day on a sour note on Wednesday.As a result, the All-Share Index closed at 82,024.28, down from 83,191.84 on Tuesday, a decrease of 1,167.46, or 1.4%, from its previous level.Likewise, the aggregate market value, which began trading at ?45.523 trillion, experienced a decline of ?638 billion, or 1.4%, culminating in a closing value of ?44.885 trillion. Losses at Zenith Bank, MTN Nigeria, and Guaranty Trust Holding Company (GTCO), among others, were the main causes of the market decline.However, the Year-To-Date (YTD) return rose by 9.7 per cent.