Stocks This Week: Investors’ rush to reap gain lifts year-to-date loss to N601 billion

The market faced new headwinds this week from desperation by investors pursuing yield in equities with recently garnered gains, forcing how much stocks have lost this year to cross N600 billion., Nigeria’s biggest bank by asset, issued its half-year audited financials, which came with strong improvement across key performance parameters but that hasn’t made a marked difference in the broader market.

Yet, the pivot the market and possibly the economy needs to reverse current setbacks could emerge if the earnings reports of three other big banks – GTCO, FBN Holdings and UBA – turn out significantly positive when they are released in the days ahead. All the key market performance indicators declined this week. Market breadth ended in the negative, drawing 36 laggards against 26 gainers.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Nigerian stocks gain little as liquidity dropsTrade volume depleted by as much as 31 per cent.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

How To Start Investing In Stocks: A Beginner’s GuideWhat Kind of Investor Are You? Online Brokers Robo-advisors Investing Through Your Employer Minimums to Open an Account Commissions and Fees Mutual Fund
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Increased demand for bank shares help Nigerian stocks end three-day losing spellThe all-share index was up by 68.01 basis points at 39,252.19.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigerian stocks gain little as liquidity dropsTrade volume depleted by as much as 31 per cent.
Source: PremiumTimesng - 🏆 3. / 78 Read more »