US EditionSell Pressure Drags NGX Market Capitalisation Down By ₦445 Billion Amid CPI Surge » News.ng
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Sell Pressure Drags NGX Market Capitalisation Down By ₦445 Billion Amid CPI Surge » News.ng
The Nigerian Exchange (NGX) experienced a significant downturn on Wednesday, as sustained sell pressure led to a sharp decline in market capitalisation, which shed approximately ₦445 billion. This drop followed the latest data indicating a rebound in inflation, with Nigeria’s rebased consumer price index (CPI) climbing to 24.2% after two consecutive months of easing. The development further dampened investor sentiment in a market already strugg…
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