Equity Market Records N83bn Loss in One Week
The Nigerian equity market experienced a significant drop, losing N83 billion in market value over the past week. This decline was attributed to profit-taking activities by investors across various sectors, leading to a dip in market performance. The All-Share Index (ASI) dropped by 0.22%, closing at 66,439.53 points, while market capitalization fell from N36.94 trillion to N36.86 trillion.
Analysts suggest that mixed investor sentiment and macroeconomic concerns continue to influence market volatility.
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