NGX investors lose N2.39tn as profit-taking triggers stock market sell-off

Investors on the Nigerian Exchange Limited (NGX) suffered another major setback on Tuesday as renewed profit-taking in blue-chip stocks wiped N2.39 trillion off the equities market, extending the bearish trend that has emerged after months of sustained gains. The broad market closed lower by 1.63 per cent, with the NGX All-Share Index (ASI) shedding 3,729.11

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