Investors on the Nigerian Exchange (NGX) booked N1.315 trillion in losses on Monday, pushing total market capitalization down to N155.13 trillion.
The sharp decline marks the second consecutive session of selling, driven by persistent risk aversion among domestic and foreign participants.
The sell-off was broad-based, with significant profit-taking across industrial goods, banking, and consumer staples sectors.
This daily erosion adds to a deepening correction in Nigerian equities, which have lost approximately N11 trillion in value from their recent highs.
Sustained investor outflows continue to weigh on sentiment, reflecting broader concerns about market stability and liquidity.
The ongoing pressure highlights the fragility of the current market regime, where capital preservation appears to be taking precedence over growth exposure.