Stock market sheds N1tn amid renewed bearish trading

The Nigerian domestic equities market experienced a bearish trend on Tuesday, with a significant drop in overall market capitalisation and the All-Share Index. The decline was largely attributed to sell-offs in large- and medium-capitalised stocks, including MTN Nigeria Communications Plc and other notable companies. Despite the market-wide downturn, market breadth remained positive, with more stocks gaining value than losing it.

Trading activity surged, with a 270.4 per cent increase in total volume traded, reaching N32.38bn for 45,608 deals.

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