Equities investors lose N148bn as downtrend persists

Chill in Nigeria stock market as investors lose N340bn in one day

Equities investors lose N148bn as downtrend persists   For the second trading day of the week in a row, equities investors in Nigeria had another bearish experience on Tuesday as bears refused to let go of the Nigeria stock market. The market on Tuesday extended Monday’s negative sentiment with the benchmark index dipping by 0.72 per cent to close at 39,022.52 basis points due to sell-offs in BUA Cement (-5.7%), First Bank Holding (-2.7%), and Zenith Bank (-0.8%). As a result, the market year to date loss worsened to -3.1…

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How African equity markets lost momentum in 10 years

Nigerian equities open new year

African equity capital markets have collectively seen downward turn in the last decade albeit with an increase in participation domestic investors in the markets. This has just been revealed by Making Finance Work for Africa (MFW4A) and PricewaterhouseCoopers (PwC) Nigeria during a webinar co-hosted by the duo. The webinar was designed to explore the impact of COVID-19 on African capital markets last month. Data presented from the PwC Nigeria’s 2019 African Capital Market Watch which reviewed the performance of Africa’s capital markets between 2010 and the first quarter of 2020,…

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