Despite analysts’ predictions that the performance of the nation’s stock market would begin picking up in the second half of the year, investors have recorded losses totalling N291bn in the four days since the second half of the year began.
The market, which opened the new half at a value of N13.206tn, has consistently depreciated, dropping to N12.915tn on Thursday.
Investors lost N156bn on the first trading day of the second half of the year, which was also the first trading day in the week and the month of July, as the market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N13.206tn to N13.050tn. Read more