**Market Selloff: Investors Lose Over N1.14trn as NGX Reacts to MPC Decision** The Nigerian stock market has taken a hit, with investors losing a whopping N1.14 trillion as large-cap, consumer goods, and insurance stocks took a beating. The decline in market performance is a clear indication that investors are taking a cautious stance following the Monetary Policy Committee's (MPC) decision to cut the Monetary Policy Rate (MPR) by 50 basis points. The MPC's move, which saw the MPR drop to 26.50 per cent, has sent shockwaves through the market, with many investors opting to sell their shares. Stocks like Daar Communications, Tantalizers, BUA Foods, Ellah Lakes, and Japaul Gold were among the hardest hit, losing between 9.95 and 10 per cent of their value. The result was a massive sell-off that dragged the overall market performance lower. The market capitalisation, which had been on a steady climb, declined by 0.92 per cent to close at N124.827 trillion. The All-Share Index also took a hit, shedding 1,778.95 points to close at 194,484.61. The downturn has reduced the year-to-date return to 24.98 per cent, a clear indication that investors are becoming increasingly cautious. Despite the negative trend, there were some bright spots in the market. Stocks like Jaiz Bank, Infinity Trust, and FCMB gained between 9.72 and 10 per cent, ending the session on a positive note. Fortis Global Insurance and Sterling Nigeria also saw significant gains, rising by 9.09 and 7.50 per cent, respectively. The market activity saw a decline in volume by 12 per cent and a 24 per cent drop in deals, but a 44 per cent growth in value. Ja Paul Gold recorded the highest volume of 102 million traded shares for the day, a clear indication that investors are still showing interest in the stock. As the market continues to navigate the MPC's decision, investors are advised to remain cautious and keep a close eye on market trends. The current market sentiment is clearly bearish, and it remains to be seen how the market will react in the coming days.