Stock market reverses rally as investors lose N1.3trn in one week

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Nigeria's stock market reversed its July gains as investors lost about N1.3 trillion in one week due to widespread profit-taking and selling pressure across sectors including banking and consumer goods. This downturn ended the prior sustained rally in the market.

… Despite N11.1trn July gain By Peter Egwuatu  Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and consumer goods stocks as investors cashed in on the strong gains […] The post Stock market reverses rally as investors lose N1.3trn in one week appeared first on Vanguard News.