Market capitalisation sheds N38 billion as investors sell off banking stocks

Sell-offs in Tier-one banking stocks on Tuesday extended losses on the Nigerian Exchange Ltd. (NGX).
Notably, investors lost N38 billion or 0.07 per cent, as the market capitalisation which opened at N56.069 trillion, closed at N56.031 trillion.

The All-Share Index also closed 0.07 per cent or 68 points lower to settle at 99,051.02, compared to 99,118.86 posted in the previous session.

Consequently, the Year-To-Date (YTD) return fell to 32.47 per cent.

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