{
  "id": 19592906,
  "title": "Equities investors lose N193bn",
  "url": "https://urgent.news/2026/11/12/equities-investors-lose-n193bn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T02:24:12.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/equities-investors-lose-n193bn/"
  },
  "original_language": "en",
  "account": "On Wednesday, Nigeria's equities market closed with a bearish sentiment as the NGX All-Share Index (ASI) fell by 0.18% to 251,861.24 points. The year-to-date (YTD) return of the market decreased to 61.85%, while the overall market capitalization dropped by N193 billion to reach N163.53 trillion. Despite 22 stocks advancing, 29 stocks declined, resulting in a market breadth of 0.76x. Prominent gainers included UPL, CAVERTON, ABBEYBANK, CHAMPION, and ETI, while OKOMUOIL, ENAMELWA, NASCON, FTNCOCOA, and VFDGROUP led the losses.\n\nSectoral performance was largely negative, with Banking, Insurance, Consumer Goods, and Commodity indices registering declines of 0.60%, 0.29%, 0.15%, and 0.55%, respectively. Meanwhile, the Oil and Gas index saw a marginal increase of 0.03%, and the Industrial Goods index remained flat. Trading activity experienced a significant downturn, with a 2.01% decline in the number of deals, a 23.28% decrease in trading volume, and a 24.88% drop in transaction value.\n\nInvestors executed 30,908 deals involving 418 million shares worth N22.83 billion during the session. Stockbrokers anticipate a cautious market outlook for the near term, driven by negative investor sentiment and widespread sell-offs across key sectors. However, bargain-hunting in fundamentally sound stocks might offer some support and help temper further losses, according to investment firm Cowry Asset Limited in their investors' note.",
  "summary": "The Nigerian equities market on Wednesday closed bearish, with the NGX All-Share Index (ASI) down 0.18% to 251,861.24 points. The market’s year-to-date (YTD) return moderated to 61.85%, while market capitalisation shed N193 billion to close at N163.53 trillion. Market sentiment remained negative, with 22 stocks advancing against 29 decliners, giving a market breadth of […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}