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Investors lose N281.1bn to massive sell-off in Nigeria’s capital market

Investors in the Nigerian stock market lost a whopping N281.17 billion to massive sell-off on Thursday, IgbereTV reports

Downward trend graph and bear market. stock market down trend. Vector illustration eps

The loss followed the drop in the market capitalization by -1.03 percent on the trading floor of the capital market.

Consequently, the market capitalization dropped from N27.06 trillion posted on Wednesday to N26.78 trillion today.

Also, the All-Share Index dropped by 521.41 basis points to close with 49,667.14, down from 50,188.55 recorded the previous day

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