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Nigerian Equities Market: Investors Lose N2.57trn Amid Rising Global Risks in October – THISDAYLIVE

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Nigerian Equities Market: Investors Lose N2.57trn Amid Rising Global Risks in October Kayode Tokede Investors in stock market of the Nigerian Exchange Limited (NGX) lost an average N2.57 trillion in the October 2022 as escalated global

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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