Investors in stock market of the Nigerian Exchange Limited lost an average N2.57 trillion in the October 2022 as escalated global energy and commodity crises triggered massive portfolio realignments.
The October stock market performance underlined sustained decline in recent months with investors losing an average of 1.63 per cent or N430 billion in September. The market had lost about N28.3 billion in August and suffered its highest loss within the quarter at the onset with a N772 billion loss in July.
“In 2020, CBN embarks on expansionary monetary policies to expand money supplies, and the stock market appreciates massively.
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Investors lose N2.7 trillion as high interest rates, others depress market indices | The Guardian Nigeria News - Nigeria and World NewsRising interest rates and other macro economic challenges have continued to hit hard on the equities sector of the Nigerian Exchange Limited (NGX) as investors lost over N2.7 trillion in the month of October.
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