The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion.
Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company, GTCO, among other declined equities were the primary drivers of the market’s relapse.
The Nigerian Exchange Ltd., NGX, market capitalisation which opened at N55.647 trillion, shed N193 billion or 0.35 per cent to close at N55.454 trillion.
The All-Share Index also lost 0.35 per cent or 336.3 points to close at 96,537.48 points, against 96,873.74 points posted on Tuesday.
Consequently, the Year-To-Date, YTD, return decreased by 29.11 per cent.
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