Author: Marketforces Africa

The equities market segment of the Nigerian Exchange (NGX) year-to-date return sinks below 20%

INTBREW, UBN, UNILEVER Drive Intraday Loss on NGX The Nigerian Exchange (NGX) is peppered by sell-offs in some key companies’ shares, according to a mid-day report from Alpha Morgan Capital stockbrokers. Though, there is a chanceee for trend reversal before market close as result of positive sentiment in bellwether stock -albeit, uncertain. Negative sentiment on International Breweries, Union Bank of Nigeria and Unilever have currently dragged market capitalisation lower, the mid-day report stated. The intraday loss came following sell-side pressures in INTBREW which has lost 9.60%. FIDSON has now been priced down by 6.67% while bear trading has repriced UBN…

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