Equity market down as investors eye inflation, H1 earnings reports

The bear dominance on the Nigerian Exchange, NGX, continued to the last trading day last week, as profit taking and sell pressure hit the highly priced stocks and blue chip companies, even as investors eye inflation and half year, H1’24 earnings reports to make investment decisions.

Specifically, market capitalisation which represents total value of investors’ assets on the Exchange, declined to N56.44 trillion from N56.58 trillion the previous week.

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