Investors lose N750bn to selloffs in Dangote Cement,Tier-1 banks

Opening the week on Monday, investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted.

Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding Company (GTCO),FBN Holdings, among other declined equities pulled the market’s performance down.

The market capitalisation which opened at N55.132 trillion, shed N750 billion or 1.36 per cent to close at N54.382 trillion.

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