The Nigerian equities market recorded a N1.802 trillion loss over five trading days, marking the third consecutive week of declines.
The sell-off was primarily driven by profit-taking in blue-chip tickers, which continued to weigh on investor sentiment across the board.
This latest downturn extends a sharp correction that began at the start of July, when the market shed N2.39 trillion in value amid heavy selling pressure.
The All-Share Index has faced sustained downward momentum, reflecting growing risk aversion among both domestic and foreign investors.
The cumulative impact of the sell-off is significant, with Nigerian equity markets having lost N11 trillion in value from their recent peak.
This deepening correction highlights the fragility of current market conditions and the persistent outflows that are shaping the trading landscape.