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

  Economy   Sep 9, 2026   0   21  Add to Reading List
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
Read Original   

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow