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, Sterling Bank Gains, FCMB Dips The Nigerian Exchange market capitalisation rises about N4 billion midweek after long days of losing streaks as equity investors traded exits. Today, Sterling Bank was among stocks that drove market momentum while there was a sell down in FCMB. Halting the four consecutive sessions of a downtrend, the Nigerian Exchange performance indicators made a marginal uptrend, inched up 0.02% on accounts of bargain hunting in 16 stocks. Consequently, the local bourse All-Share Index increased by 7.38 basis points representing 0.02 per cent appreciation, to close at 47,163.94 points. Overall, the equity market capitalisation…

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