Nigerian stocks fall, wipe out early year gains

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Market breadth was positive as 20 gainers emerged compared to 16 laggards

Nigerian stocks’ first fall for the year on Thursday saw the market give up its two previous daily gains as investors looked away from a good number of the shares of Airtel Africa put up for sale, pushing the benchmark index 1.53 per cent down and the year-to-date yield into the red.

Public release of annual financial statements is a major pivot of activity in the market, often driving share price movement. “The usual January momentum is likely to dominate particularly as the yield environment appears to be shifting downwards”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So people still invest here?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Commence 2023 On Positive Note as Market Cap Hit N28trn – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »