Investors in the nation's equities market will not forget last week in a hurry as it was a week that their investments suffered the heaviest value erosion in recent times. Although the market has remained bearish for three consecutive weeks, investors lost N908.2 billion last week as the market capitalisation fell from N14.2 trillion to N13.3 trillion.

Similarly, the Nigerian Stock Exchange (NSE) All-Share Index declined by 6.38 per cent to close lower at 36,816.29. During the week, the index fell below the 40,000 points market for the first time since January and a six month low, a development that pushed the market into the negative territory year-to-date(YTD). However, the performance was largely in line with the trend across emerging market equity indices as foreign investors continue to exit these markets.

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