Airtel, 25 others drag stocks down, investors lose N340bn - Punch Newspapers

The Nigerian stock market reversed all of last week’s gains on Tuesday as Airtel Africa Plc and 25 other companies recorded losses.

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. Learn Africa Plc lost eight per cent to close at N0.92 per share while Livestock Feeds Plc dropped by 4.74 per cent to N1.81 per share.

These investors should quickly run to MTN.

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