The Nigerian stock market closed the week on a negative note on Wednesday, wiping out N900 billion in investors’ wealth after four consecutive days of gains.
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike
The Nigerian Exchange Ltd. (NGX) opened on Monday, opening the week positively, with an N84 billion profit added to investors’ portfolios.
Market breadth closed negative with 30 losers and 17 gainers on the floor of the exchange.
