By Peter Egwuatu

Investors lost N2.05 trillion in three days on the NGX due to profit-taking activities which continued, yesterday, in the Nigerian stock market.

The market capitalisation, which represents the total value of equity listed  the Nigerian Exchange, NGX, declined to N64.256 trillion on Wednesday from N64.302 trillion  on Monday.

In the same vein, another stock market gauge, the NGX All Share Index, ASI, fell  by 3.2% to close on Wednesday at 102,095.95 bases points from 105,451.06 points it opened on Monday.

Meanwhile, trading in the market, yesterday, showed that investors lost over N931 billion  as the market capitalisation closed  at N62.256 trillion from N63,187 trillion the previous day, while the market declined by 1.5% as NGX ASI declined to 102,095,95 points from 103,622.09 points the previous day.

The sell pressures on Dangote Cement, which declined by 10.0% contributed majorly to weigh down the ASI.   As a result, the Year-to-Date return settled at -0.8%.

Furthermore, activities showed that the total volume traded declined by 14.3% to 431.30 million units, valued at N9.26 billion, and exchanged in 11,908 deals. Universal Insurance was the most traded stock by volume at 70.31 million units, while BUA Foods was the most traded stock by value at N2.52 billion.

Sectoral performance was mixed as the Industrial Goods Index declined by 4.7% and Insurance Index 3.5%, while the Consumer Goods Index went up by 1.0% and Oil & Gas Index 0.2%, while Banking Index closed flat.