Nigeria’s equities plunged by N389bn in June

Equities regain strength as investors net N134bn gain

Aggregate equities investments at the Nigerian Stock Exchange lost value in June as investors parted with N398 billion to end the month. This was as equities price tracker and benchmark index, the All-Share Index (ASI) declined by 3.12 per cent to close at 24,479.22 basis points while market capitalization ebbed by 3.02 per cent to end the month at N12.770 billion. Experts ascribed the development to tension emanating from expectations of half-year results alongside portfolio realignment, which took the better part of performance in June. Market watchers observed that investors…

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