Abuja - The recent gains recorded in the Nigerian Stock Exchange were reversed yesterday as investors lost N425.6 as a result of panic selling, Vanguard reports.
Also read: Nigeria loses N13b to oil theft, vandalism in one month
After the Index reached a year high of 28,902.25, the benchmark index tumbled to 27,671.08 points yesterday, sending the Year to Date, YTD return back to the negative at -3.4 percent.
All sector indicators also showed a sharp decrease with the banking sector leading the pack with a loss of 6.6 percent.
According to Punch, the Nigerian stock market fell by N1.732tn within one year of the Muhammadu Buhari-led Federal Government.
For more on this story, visit Vanguard.
- News 24