Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

NGX Rises by N75bn as Banking Stocks Rally The Nigerian Exchange (NGX) gained weight further as equities investors saw more than N75 billion on Monday. Though the local bourse gained N77.10 billion, trading activities had a bearish undertone. Stockbrokers said the gain recorded first day of the new week was buoyed by renewed interest in banking stocks, majorly. Consequently, the market index advanced while the rally pushed NGX’s year-to-date return to 27.48% – making the exchange one of the best performing bourses in the emerging markets. Data from the market showed the Nigerian Exchange All-share index gained 21 basis points,…

Read More