Nigerian Stock Market Sheds ₦144 Billion Amid Sell-offs

The Nigerian stock market shed ₦144 billion on Tuesday as sell-offs in 21 equities pushed key performance indicators down by 0.09 per cent.

Market capitalisation fell to ₦160.708 trillion from ₦160.852 trillion, while the All-Share Index closed at 247,513.63, down 222.61 points from the previous session. The year-to-date return eased to 59.06 per cent.

Despite the overall decline, market breadth remained positive with 24 gainers against 21 losers. Etranzact led the gainers with a 9.96 per cent rise, while Legend Internet topped the losers.

Sources: Peoples Gazette