Equities market loses N1.23 trillion as profit-taking persists

Twentyfirstcenturychronicle | 16-05-2026 04:17pm |

The equities market experienced a significant downturn on Friday, with a loss of N1.226 trillion attributed to ongoing profit-taking by investors. The market capitalisation fell by 0.76 percent, concluding the day at N160.443 trillion, a decrease from the previous day's figure of N161.669 trillion. Additionally, the All-Share Index saw a decline of 1,912.19 points, or 0.76 percent, finishing at 250,330.92, down from 252,243.11. This continued bearish trend reflects the current sentiment among investors in the market.

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