NGX: Honeywell Flour, FBNH, UPDC pull down equities market as investors lose N130bn

Investors in the Nigerian equities market endured bearish trading on Thursday to record a N130 billion loss at the close of the day’s trading.

This followed the dip in the share prices of stocks like HONYFLOUR (Honeywell Flour Mill), FBNH (First Bank of Nigeria Holdings), and UPDC Plc (formerly UACN Property Development Company) amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization decreased to N56.3 trillion from N56.4 trillion recorded by the bourse on Wednesday.