Business

Profit-taking spurs N1.988 trillion loss in Nigerian equities market in on week

Investors in the Nigerian equities market suffered a loss of approximately N1.988 trillion by the end of the trading week as the domestic bourse encountered significant selling pressure.


The local bourse witnessed a decline of 3.44%, with the benchmark index settling at 102,088.30 points. This is a decrease from its opening position of 105,722.78 points at the beginning of the trading week on Monday.


Market analysts attribute this downturn to investors capitalizing on profits following a notable bullish rally observed in recent times.