Equities market sheds N782bn amid sell-offs

Trading on the Nigerian stock market extended its negative trend on Tuesday, with investors losing N782 billion, marking the third consecutive trading session of losses.
The decline was driven by broad-based profit-taking, with losses recorded across insurance, banking, consumer goods, industrial and technology stocks.
The market capitalisation depreciated by 0.50 per cent to N155.203 trillion from N155.985 trillion recorded in the previous session.
Similarly, the All-Share Index fell by 1,219.93 points, or 0.50 per cent, to close at 241,984.80, compared with 243,204.73 in the previous session.
The market’s Year-to-Date (YtD) return moderated to 55.50 per cent, while market breadt...