Nigerian Equities Market Bleeds as Investors Lose N129 Billion

The Nigerian equities market witnessed a downturn as investors lost N129 billion in market capitalization during a bearish trading week. The market endured a series of losses over five trading sessions, with the All-Share Index (ASI) depreciating by 0.14% to close the week at 143,520.53 points.

Despite some gains mid-week, the market closed in the red on Thursday before rebounding slightly on Friday. Total turnover stood at 4.140 billion shares worth N115.889 billion, with the financial services and industrial sectors leading in trading volume.