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Emerging Markets

Nigerian stocks slide for 7th day, but market pullback looks healthy

Nairametrics · 1h ago · 🇳🇬 Nigeria

Nigerian stocks slide for 7th day, but market pullback looks healthy

Nigeria’s stock market’s downward trend continued for the 7th day, with market valuation closing around N156 trillion on Wednesday, chopping off trillions of naira in equity value as the NGX index returned to near the 241,600-point level. This market correction is largely caused by sector rotations; domestic institutional investors and fund managers reduce their capital […] The post Nigerian stocks slide for 7th day, but market pullback looks healthy appeared first on Nairametrics .

Read the full story at Nairametrics →

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