Investors in insurance and industrial stocks are most affected in the ongoing sell pressure that has decreased equities value this week by N2.72trillion.
Following three days of negative closes seen this week, the NGX Insurance Index decreased by 10.50 percent, NGX Industrial Index (-8.34 percent), and NGX Banking Index (-4.71 percent).
Thursday’s dip by 0.87 percent fuelled the week-to-date (WtD) decrease by 2.97 percent, which helped to drag the year-to-date (YtD) return lower to +36.34 percent.