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.

Stocks Value down N604 Billion as Investors Offload Holdings Stocks value dropped down by N604 billion this week as Investors offloaded holdings for a 5-trading session straight, resulting in a decline in the market value of all stocks below N20 trillion – a three-month low in the year. Profit-takings on the Nigerian Exchange resulted in a bloodbath just as the fixed income space traded bearishly ahead of the monetary policy committee meeting next week. Now, many stocks are trading at the year-low, an entry point for new holdings, and of course an opportunity for portfolio adjustment. In the second quarter…

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