NGX FALLS FOR FIFTH STRAIGHT SESSION

The Nigerian Exchange equities market extended its decline for a fifth consecutive trading session on Tuesday as continued selling pressure pushed the All-Share Index below 250,300 points.

The index fell by 394.36 points, representing a 0.16 per cent decline, to close at 250,273.50 points.

The market’s performance reflected continued risk-off sentiment among investors, with selling pressure weighing on several stocks.

The decline extended the market’s recent losing streak as investors remained cautious amid broader market conditions.

The NGX’s latest movement comes as investors assess corporate earnings, monetary policy developments, exchange-rate conditions and other economic factors affecting the market.

Market analysts have also pointed to selective trading as investors increasingly focus on the financial performance and outlook of individual companies.

The decline leaves the benchmark index below the 250,300-point level as investors continue to monitor developments that could influence market sentiment.

The session underscores the cautious tone that has characterised recent trading on the Nigerian equities market.