Bears Return to Nigerian Exchange as Investors Lose N285bn

 The Nigerian Exchange (NGX) experienced a significant downturn as bearish sentiments dominated trading activities, leading to a substantial loss of N285 billion in market capitalization. 

This decline is attributed to profit-taking by investors across major sectors, including banking, consumer goods, and industrial goods. The All-Share Index (ASI) dropped by 1.5%, reflecting the cautious stance adopted by investors amid prevailing economic uncertainties. 

Market analysts suggest that this trend may persist in the short term, advising investors to adopt a cautious approach while seeking opportunities in undervalued stocks with strong fundamentals.