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 Sinks Further as Investors Lose N84 Bln The Nigerian Exchange (NGX) sinks further on Monday as equity investors lost about N84 billion after more than N231 billion was knocked off from market valuation last week. Sustained selloffs in mid to highly capitalised keep the local bourse on a bearish line, opening the second quarter of the year on a negative note. Consequent to exit trading, equity market performance indicators tanked 0.33 per cent with year to date return moderating further. Market data shows that the Nigerian Exchange All-Share Index shed 155.01 basis points representing a 0.33 per cent decline,…

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