Stock investors lost N409.56bn on Wednesday as MTN Nigeria Communications Plc recorded the biggest decline amid its share offer to retail investors.
As of the end of trading on Wednesday, MTN’s share price slumped by 10 per cent to N171 from the N190 recorded the previous day. “Trading in the domestic equities market carried on yesterday’s bearish performance, as investors sold off MTN ,” said analysts at Cordros Capital in a report.