NGX: Investors lose N4.5tn in six consecutive sessions after management’s visit to Tinubu

Investors in the Nigerian stock market have lost approximately N4.5 trillion in six consecutive trading sessions. The prolonged bearish run saw investors lose N3.8 trillion in four trading sessions last week, followed by additional losses of N106 billion and N544 billion on Monday and Tuesday this week, respectively. DAILY POST reports that the NGX Group management, led by its Chairman, Umaru Kwairanga, and Group Managing Director and Chief Executive Officer, Temi Popoola, visited President Tinubu at the Presidential Villa on August 6. Since the visit, the equities market has recorded six consecutive sessions of losses, with the combined decline now standing at N4.45 trillion, or approximately N4.5 trillion. The market began the current week on a bearish note, with investors losing N106 billion on Monday. The sell-off persisted on Tuesday, as another N544 billion was wiped off market capitalisation.