Nigerian Investors Lose N1.4 Trillion in Bearish Trading Week on NGX

The Nigerian equities market experienced a bearish trend throughout the week, with investors losing N1.4 trillion in market capitalization. Despite some gains mid-week, the market closed lower, with the All-Share Index depreciating by 1.68%.

Total turnover for the week was 7.325 billion shares worth N156.425 billion. Financial services and industrial sectors were the most active, with Cornerstone Insurance Plc (NGX: CORNERST), Access Bank Plc (NGX: ACCESSCORP), and Zenith Bank Plc (NGX: ZENITHBANK) leading in trading volumes.