NGX Erases N4.9trn in Sudden Profit-Taking Wave
The Nigerian stock market abruptly snapped its months-long upward trajectory last week as aggressive profit-taking wiped billions off equity valuations. Total market capitalisation on the Nigerian Exchange Limited plummeted by over 4.91 trillion naira within a five-day trading window. This sharp reversal forced the aggregate value of listed equities down to 155.59 trillion naira from…