Nigerian stock market extends slide as investors lose N1.005 trillion on Thursday
AI Market Summary
Nigeria's equities extended a sharp two-day selloff, with market capitalization down N1.005tn and the NGX All-Share Index falling 0.66%, alongside negative breadth. Turnover surged 177%, indicating active de-risking and potential forced repositioning despite isolated gainers. While largely a local-market event, it signals heightened risk aversion in Nigerian assets and can modestly color broader emerging-market sentiment.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.15%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Nigeria’s stock market fell for a second straight session, wiping N1.005 trillion in market value on Thursday and pushing total capitalisation down to N158.339 trillion. Tripple Gee led decliners with a 10 per cent drop, while several other stocks also posted steep losses. Trading activity jumped, with turnover rising to N230.83 billion, up 177.01 per cent from the previous session. The move underscored renewed short-term downside pressure on the NGX All-Share Index (ASI).
