Is this the effect of the Dangote IPO?
Yesterday’s session on the NGX marked a sharp reversal from the recent bullish trend. After three consecutive positive sessions, the market came under heavy selling pressure, wiping out ₦1.879 trillion in market capitalisation. Market capitalisation fell from ₦160.600 trillion to ₦158.721 trillion, while the NGX All-Share Index (ASI) dropped 2,897.67 points, or 1.17%, from 247,699.78 to 244,802.11. The sell-off was broad-based, with 64 stocks declining and only 4 stocks gaining. ... Read more
Yesterday’s session on the NGX marked a sharp reversal from the recent bullish trend.
After three consecutive positive sessions, the market came under heavy selling pressure, wiping out ₦1.879 trillion in market capitalisation.
Market capitalisation fell from ₦160.600 trillion to ₦158.721 trillion, while the NGX All-Share Index (ASI) dropped 2,897.67 points, or 1.17%, from 247,699.78 to 244,802.11.
The sell-off was broad-based, with 64 stocks declining and only 4 stocks gaining.
...
Read more
After three consecutive positive sessions, the market came under heavy selling pressure, wiping out ₦1.879 trillion in market capitalisation.
Market capitalisation fell from ₦160.600 trillion to ₦158.721 trillion, while the NGX All-Share Index (ASI) dropped 2,897.67 points, or 1.17%, from 247,699.78 to 244,802.11.
The sell-off was broad-based, with 64 stocks declining and only 4 stocks gaining.
...
Read more
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