Nigerian equities extended their downward trend in June, with investors losing about ₦9 trillion in market value within the first three weeks of the month as bearish sentiment continued to dominate trading activities. Latest data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) and market capitalization declined by 3.59% during the week to close at 235,941.27 points and ₦151.327 trillion respectively. The sharp decline translated to a loss of ₦5.69 trillion in market value within a week, effectively wiping out the ₦4.59 trillion gain recorded by the…
Read MoreStock market slumps further, as investors lose ₦9tr in 3 weeks
