NGX sheds N516bn as market reverses gains

NGX sheds N516bn as market reverses gains

The Nigerian equities market shed N516bn on Wednesday, reversing previous gains due to heavy selling pressure in major banking and financial stocks.

NGX Loses N516bn in Market Reversal - Economi Confidential

‎NGX Loses N516bn in Market Reversal ‎The Nigerian equities market closed on a bearish note on Wednesday, reversing previous gains as heavy selling pressure in major banking and financial stocks dragged the key performance indicators lower. ‎The All-Share Index dropped by 0.32 per cent or 794.64 points to settle at 245,116.49 points, down from 245,911.13 […]

CWG, Others Crash Stock Exchange by 0.32%

By Dipo Olowookere The stock exchange in Nigeria slipped back into the red territory on Wednesday after it lost 0.32 per cent to profit-taking in some equities. Business Post reports that 18 shares gained weight on the Nigerian Exchange (NGX) Limited during the session and 37 shares shed weight, indicating a negative market breadth index […]

Nigerian Equities Market Closes in the Red

The Nigerian equities market reversed the previous day’s gain and closed in the red as cautious investors sold key stocks. The NGX All-Share Index fell by 0.32 per cent to 245,116.49 points. This cut its year-to-date return to 57.52 per cent. Market capitalisation lost N516 billion and settled at N159.152 trillion. Price falls in large […] The post Nigerian Equities Market Closes in the Red appeared first on InsideBusiness - Business News in Nig…

Equities Shed N516bn On Profit-taking

  The Nigerian equities market reversed its previous session’s gains as renewed selling pressure weighed on investor sentiment across the bourse.   The All-Share Index (ASI) lost 794.64 points, representing a 0.32 per cent decrease to close at 245,911.13, while market capitalisation fell by N517 billion to close at N159.15 trillion.   The decline reflects […]

NGX reverses gains as bearish pressure wipes out N516 billion in market value

The Nigerian Exchange Limited (NGX) reversed its brief upward traction on Wednesday, returning to negative territory as N515.95 billion was wiped out of equities market capitalisation.