Specifically, the market capitalisation decreased by N196.40 billion to N28.255 trillion from N28.451 trillion posted on Wednesday.
The downturn was as a result of sell-off sentiments in all major sectors, except the consumer goods sector.
The domestic stock market yesterday increased further by 0.19 per cent, resulting from investors’ buy interest in mainly consumer goods and industrial sectors.
A breakdown of the price movement chart shows that 21 stocks posted price appreciation in contrast with 10 laggards.
Nigeria’s stock market continues its losing streak on Wednesday as capitalisation dropped further by N12 billion due to profit-taking on banking stocks.
“We are in discussion with CBN for both understanding and better regulating of this market.”
”Despite this challenge, the NSE All-Share Index was adjudged by Bloomberg as the best performing index in 2020.”
The fund is expected to simulate capital market development to unlock financial resources for productive sector investments.
The training became necessary as it expected Ponzi schemes to be more prevalent.
