Profit-taking wipes N1.23tn off NGX as equities retreat

BusinessDay | 10-10-2026 10:01pm |

The Nigerian equity market experienced a significant decline during the first full trading week of October, with the NGX losing N1.23 trillion in value. This downturn was primarily driven by domestic investors engaging in profit-taking activities. The market retreat reflects a pullback after previous gains, as investors locked in profits.

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