The equity capitalization in the Nigerian capital market depreciated by -0.53 percent on Wednesday, a few hours after the All Progressives Congress (APC) candidate, Bola Ahmed Tinubu, was declared the winner of the country’s presidential election.
The market capitalization dipped by N162.14 billion from N30.40 trillion to N30.23 trillion following a sell-off by investors in the capital market.
The All-Share Index dropped by 297.65 basis points to close at 55,508.61, down from 55,806.26 posted by the bourse on Tuesday.
