Bears took grasp of the capital market, on Wednesday and Thursday, propelling investors to a cumulative loss of N1.58trillion within two days.
On Wednesday, the domestic equities market succumbed to sell pressure as the overall market capitalisation shed N882 billion, ending its five-day winning streak.
Similarly, yesterday, the bears continued to dominate the local equities market yesterday as the overall capitalization succumbed to a second successive loss with a decline of N707 billion.
The All-Share Index (ASI) shed 1,297.99 points, representing a loss of 2.03 per cent to close at 62,748.94points. Also, market capitalisation declined by N707 billion to close at N34.167 trillion.
Read the complete story here: https://leadership.ng/bears-dominate-as-investors-lose-n1-58trn-in-2-days/