Stock Investors Lose N4.64trn as Market Rout Deepens

Investors in the Nigerian stock market saw the value of their holdings plunge by N4.64 trillion on Tuesday as equities extended their losing streak to seven straight days.

The market capitalisation of equities has fallen by over nine percent or N8.91 trillion since 24 October, when it peaked at N98.79 trillion.

Sixty-one firms, including large-caps Dangote Cement, MTN Nigeria Communications and BUA Cement, posted price declines at the end of trading.