Volatility, as investors opt for cash amidst Q3 earnings, mounting risks

Profit Taking

Market Update for October 21 By Investdata Analysts Equity prices on the Nigerian Stock Exchange (NSE) suffered huge loss at the midweek, halting the previous session’s gains and market rebound from its March-lows as it hits a major speed bump on a very high volatility. This followed panic selloffs in the midst of ongoing earnings reporting season, as investors reacted to events of what has now been tagged Black Tuesday, when soldiers fired live bullets at #EndSARS protesters, resulting in alleged fatalities. The Lagos State Governor, Babajide Sanwo-Olu, however says…

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