Stock Market Down N2.93tn in Two Days on Profit-taking
Kayode Tokede
The Nigerian stock market in the last two days has depreciated by N2.93 trillion amid massive investors profit-taking in listed blue chip companies quoted on the Nigerian Exchange Limited (NGX).
The stock market that historically crossed the N160trillion mark when it gained N1.91 trillion or 1.2 per cent in the opening of trading activities this week has witnessed negative sentiment by investors for the last two days.
Specifically, the market capitalisation on Wednesday closed for trading at N157.494 trillion, about N2.92 trillion or 1.82 per cent drop from N160.422 trillion it opened for trading on Tuesday.
