The Nigerian Exchange (NGX) has recorded another major drop as the stock market continued its downward trend for the third straight day. The persistent sell-offs have wiped out an estimated N1.5 trillion from investors’ wealth. Many traders are becoming worried as the market struggles to recover from ongoing economic pressure and weak investor confidence.

Analysts say the sharp drop was driven by panic selling and fears about Nigeria’s economic outlook. Companies across different sectors recorded losses, with several major stocks dragging down the overall market value. Some investors are stepping back, waiting for clear signals that the market will stabilise before taking new positions.

Market experts also blame the decline on rising inflation, forex instability, and tight monetary policies, which are affecting business performance and investor sentiment. They warn that unless certain economic reforms begin to show real progress, the stock market may continue to face difficult times. Institutional investors are also becoming more cautious, contributing to lower market activities.

Despite the downturn, a few analysts believe this could create opportunities for long-term investors to buy undervalued stocks. They advise traders to focus on companies with strong fundamentals, as the market might rebound once economic conditions improve. For now, stakeholders are watching closely to see how the NGX reacts in the coming days.