Nigerian Stock Exchange loses 1 trillion Naira in three days

Now that's something. From experience, looks like the mood of the countryis affecting our markets. 

I'm not such an economist but read below what the Leadership newspaper reported:

The Nigerian Stock Exchange (NSE) yesterday continue its poor run since the beginning of the trading this year on Monday as it closed yesterday with a loss of N470 billion.

From Monday when the trading for 2015 began to the closing of the market yesterday, the market capitalization depreciated by N 1.159trillion.
Yesterday, the third trading day, the market capitalisation which opened at N10.766 trillion lost N448 billion or 4.16 per cent to close at N10.318 trillion, due to price losses by some blue chip equities.
On Tuesday the second trading day, the market capitalisation which open with N11.237 trillion depreciated by N470 billion to closed at N10.767 trillion, which translated to 4.18 per cent, while on Monday the first trading day, the market capitalisation closed at at 241 billion.
At yesterday’s trading, Seplat led the losers’ chart with a loss of N16.69, to close at N317.24 per share.Guinness followed, shedding N15.30 to close at N141.74, while Dangote Cement lost N9.02 to close at N171.48 per share.Nigerian Breweries dipped by N7.35 to close at N139.82, while GTBank dropped N2.36 to close at N21.96 per share.
Conversely, Forte Oil topped the gainers’ chart, gaining N6.78 to close at N231.88 per share. Presco garnered N2.54 to close at N27.47, while PZ Cussons rose by N1.32 to close at N26.50 per share. International Breweries went up by 50k to close at N21 and Ashaka Cement appreciated by 11k to close at N21.60 per share.
However, Ecobank Transnational Corporation (ETI) for the second consecutive day emerged the most traded stock, accounting for 103.03 million shares worth N1.81 billion in 35 deals.
GTBank followed with a turnover of 37.51 million shares valued at N824.64 million in 252 deals, while Zenith Bank sold 36.61 million shares worth N570.55 million in 338 deals.
In all, 393.369 million shares valued at N5.46 billion were traded by investors in 3,930 deals, against the 413.764 million shares worth N5.31 billion traded in 3,764 deals on Tuesday.
The NSE was not only affected globally since the beginning of the year as many other international capital market were recording huge loss since the year began.