The Nigerian Exchange's equities market capitalisation fell below N160 trillion on Monday as losses in mid- and large-cap stocks persisted. A total of N1.47 trillion was wiped out at the start of the week, extending the market's bearish trend after a third consecutive weekly decline last week. The All-Share Index declined by 0.91 per cent to 245,278.34 points, moderating its year-to-date return to 57.62 per cent, while market capitalisation settled at N159.26 trillion. Stockbrokers reported that total volume traded rose 34.85 per cent to 349.34 million units and transaction value increased 37.96 per cent to N17.99 billion.
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