NGX: Oando, Tantalizer, other equity investors lose N40bn to sell-offs

Sell-offs gripped the Nigerian capital market on Thursday leading to losses in Oando, Tantalizer, and other entities at the close of the day’s trading.

The sell-offs brought down the equity capitalization by N40 billion from N37.40 trillion to N37.36 trillion after five hours of trading today.

The decline was reflected in the All-Share Index which dipped by 64.58 basis points to close at 68,271.14, down from the previous day’s 68,335.72.