Stock market reverses gains as investors lose N599 billion

Nigeria’s stock market took a sharp downturn on Tuesday, erasing prior gains as investors faced N599 billion in losses. The unexpected reversal followed a day of robust bullish activity. Major sell-offs hit key equities, impacting market capitalization and the All-Share Index. The negative breadth showed 40 losers against only 13 gainers, signaling a tough trading session for many.