Intense bear pressure raided transactions at the Nigerian Stock Market on Wednesday, June 1, causing a net loss of about N684 billion within the 10-hour trading sessions in the past two days.
Aggregate market value of all quoted shares plunged by N259 billion in contrast to the N425 billion recorded on Tuesday, May 31.
The two-day loss surpassed the total net gain of N613 billion recorded in the previous week.
With nearly five losers to every gainer, aggregate market value of all quoted equities on the Nigerian Stock Exchange, NSE, which had opened this week at N9.926 trillion, dropped to N9.501 trillion on Tuesday and trended further downward to N9.242 trillion.
Total turnover stood at 352.29 million shares valued at N3.85 billion in 5,024 deals.
