Nigeria's Biggest Manufacturers Report Major Losses Due to Rising Interest Rates and Naira Devaluation
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Equities trading at NGX on Thursday was positive as the domestic bourse resumed with highly bullish sentiment
Nigerian equities yesterday opened the week on a positive note, extending gains from the previous session as the overall capitalization closed N324 billion
The Nigerian Exchange Ltd. (NGX) recorded a negative performance on Thursday, with a loss of N84 billion in market capitalisation. Specifically, the market capitalisation lost N84 billion to close at N56.079 trillion, representing 0.15 per cent when compared to N56.163 trillion posted on Wednesday. Consequently, the All-Share Index lost 0.15 per cent or 150 points
The performance indicators of the stock market rebounded by 0.24 per cent on Wednesday. Specifically, the market capitalisation opened at N56.031 trillion and closed at N56.163 trillion, representing 0.24 per cent or N132 billion gain. The All-Share Index also strengthened by 0.24 per cent or 233.4 points, to close at 99,284.38 compared to 99,051.02 posted