Index to Nigerian Newspapers

Equity Market Records N344.95bn Loss

Trading activities on the floor of the Nigerian Exchange Limited closed on a negative note as investors lost N344.95bn, with the sharp decline tripling the market’s previous gains. The benchmark index and total market capitalization dropped significantly due to heavy sell-offs, reflecting weak investor sentiment as forty-four stocks recorded losses against only seventeen gainers. Despite sustained market volatility and high trading volumes across various equities, major companies suffered maximum losses of ten percent. This downturn wiped out recent gains, contrasting with the positive performance recorded during the previous trading session when the exchange received a boost from additional share listings.

AINA, Temitope | Stock market -- Nigeria | Punch Newspaper | Wednesday, March 05, 2025