| Nigeria: Equities Market Posts Biggest Loss in April As Investors Lose N1.1trn
March 17, 2024--The Nigerian Exchange (NGX) market capitalisation recorded the biggest loss in the month of April with investors losing N1.1trn.
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| For eight consecutive trading days, the Nigeria bourse extended its losing streak as the benchmark index closed 1.93% weaker-the biggest single day decline since 19 February-to close at 99,808.34, according to analysis of yesterday's trading. The market's weak performance was attributed to selloffs in telco heavyweight, MTNN (-1.32%) alongside Tier-1 banking tickers, GTCO (-3.66%), FBNH (-5.61%). |