NGX market cap declines by N1.47trn, falls below N160trn – Daily Trust

The Nigerian Exchange’s equities market capitalisation on Monday fell below N160 trillion as bears strike more durable on mid- and large-cap shares on the NGX.

N1.47 trillion was worn out in the beginning of the week, persevering with its bearish development.

Last week, the equities market prolonged its shedding streak to a 3rd consecutive week, shedding about N534 billion in market worth as sell-offs in main banking shares weighed on investor sentiment, regardless of positive aspects in oil and fuel shares.