Nigerian Investors Lose N2.8 Trillion in Bearish Trading Week on NGX

The Nigerian equities market witnessed a bearish trading week on the NGX, with investors losing a total of N2.8 trillion in market capitalization. The All-Share Index (ASI) depreciated by 2.99% to close the week at 149,524.81 points.

Trading sessions from Monday to Friday saw continuous losses, with significant declines recorded each day. Total turnover for the week amounted to 3.575 billion shares valued at N107.011 billion.

Fidelity Bank Plc (NGX: FIDELITYBK), FCMB Group Plc (NGX: FCMB), and Aso Savings and Loans Plc were among the top three equities traded. The market was dominated by the financial services and industrial sectors.