The Nigerian Exchange (NGX) equities market reverses its four-session gains on Tuesday, losing about N1.17 trillion as sell-offs hit major stocks. Multiple outlets report a decline in overall market value and a corresponding drop in benchmark indicators.
One outlet says market capitalisation falls by about 0.73%, dropping from roughly N160.421 trillion to about N159.255 trillion. It also reports the All-Share Index (ASI) declines by 1,806.18 points to close at 246,723.57. Another outlet similarly characterizes the move as a reversal of the prior bullish run and frames the impact in terms of the N1.166 trillion decline in market capitalization.
Across the reports, the core points align on the scale of the loss, the reversal from recent gains, and the fact that the decline is driven by sell-offs. However, the outlets differ slightly in how they frame the figures (rounding and presentation) and in the emphasis placed on either index movements or market-capitalisation changes.
