Market Loses ₦1.81tn as BUA Cement Leads Broad-Based Selloff

On June 1, the Nigerian equities market experienced a significant downturn, reversing earlier gains due to renewed profit-taking in major stocks, particularly BUA Cement. The market capitalisation fell by ₦1.811 trillion, closing at ₦158.697 trillion, down from ₦160.508 trillion at the beginning of the trading session. Additionally, the NGX All-Share Index (ASI) decreased by 2,824.81 points, reflecting the broad-based selloff that impacted various sectors within the market. This decline highlights the volatility in the equities market as investors react to changing market conditions.

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