LEADERSHIP Newspapers·3 min read·medium
Bears Tighten Grip On NGX As Market Cap Falls To N159.3trn
O
Olushola Bello
✦AI Summary
The Nigerian Exchange (NGX) experienced a downturn as profit-taking led to a significant decline in market capitalization. Despite the negative performance, some analysts remain optimistic about the market's long-term resilience.
Bearish sentiment returned to the Nigerian Exchange (NGX) on Wednesday as sustained profit-taking in major stocks erased N648 billion from investors’ wealth, dragging the market capitalisation down to N159.345 trillion.
economybusiness
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