Nigeria: Investors Lose N49.6 Billion, As Stocks' Sell-Offs Heighten

Losses in the equities market were extended into the third consecutive trading session on Wednesday as sell-offs in Seplat (-10.0per cent), Nigerian Breweries (-3.6per cent) and International Brewery (-9.9per cent) dragged the benchmark index 38bps lower to close at 24,655.05 points.

As a result, market capitalization declined N49.6bn to N12.9tn while year to date loss worsened to -8.2per cent.

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