Stock market dips 1.13% as investors lose N1.8 trillion

On the first trading day of June, the stock market experienced a decline of 1.13%, resulting in a loss of N1.811 trillion for investors. This downturn was attributed to widespread profit-taking in major equities, which pushed the market into negative territory. The decline coincided with the implementation of the newly introduced T+1 settlement cycle, a significant development aimed at improving trading efficiency and overall market operations.

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