The Nigerian stock market began the second half of the year on a negative trajectory, resulting in a N150 billion loss for investors.
Specifically, the Nigerian Exchange Ltd. NGX market capitalisation fell by N150 billion or 0.20 per cent, dropping from N75.951 trillion on Monday to N75.801 trillion.
The All-Share Index also declined by 0.20 per cent or 237.34 points, closing at 119,741.23 compared to 119,978.57 posted on Monday.
This downward trend is attributed to sustained profit-taking in University Press, SCOA Nigeria, Thomas Wyatt Nigeria, and 20 other stocks.
Meanwhile, the market breadth closed positively with 48 gainers and 23 losers.