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 Ends Rallies as Investors Dump MTN, GTCO Trading activities on the Nigerian Exchange (NGX) closed negative on Thursday with a loss of 0.13 per cent, ending a four-day rally as investors’ mood switched to profit-taking across mid and large-cap companies stocks. According to data from the local bourse, equities market capitalisation declined by N33 billion or 0.13 per cent to close at N26.343 trillion as against N26.376 trillion posted on Wednesday. Also, the All-share index shed 61.35 points or 0.13 per cent to close at 48,426.49 from 48, 476.49 recorded on Wednesday. The market’s weak performance was due to…

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