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The stock market on Monday extended its losing streak as panic sell-offs by investors pushed the Nigerian Exchange (NGX) lowerThe decline was driven by broad-based selling pressure across insurance, banking, consumer goods, industrial goods, and energy stocksLearn Africa, MTN Nigeria, and Unilever Nigeria were among the biggest decliners, while Ikeja Hotel and Access Holdings
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market closed negatively on Monday as investors continued to take profits across key sectors of the NGX.
Market data showed that sentiment remained weak, with only 17 equities closing higher, while 45 stocks ended the session in the red, resulting in a negative market breadth.
Nigerian stock market sheds N2.36 trillion as Monday trading ends in the red Photo: BloombergSource: Facebook
At the close of trading, the NGX All-Share Index (ASI) fell by 3,682.70
