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Market correction wipes N5.42trn off NGX in 20-day slump - Businessday NG

Sentiment on the Nigerian Exchange Limited (NGX) has turned decidedly cautious as a wave of sustained profit-taking and broad...

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Market correction wipes N5.42trn off NGX in 20-day slump - Businessday NG

NGX lost N5.42 trillion in 20 days (N160.4T → N154.98T) as profit-taking trimmed 57% H1 gains, with insurance and oil & gas stocks leading declines. Capital rotation to higher fixed-income yields signals selective gains ahead; FTSE Russell frontier index review (September) remains key catalyst for foreign inflows.

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NGX extends decline on energy, insurance sell-off

The Nigerian Exchange (NGX) extended its decline as profit-taking in energy and insurance sectors dragged key market indicators lower. Learn more about the

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giovedì 20 agosto 2026·punchng.com
NGX extends decline on energy, insurance sell-off
The Nigerian Exchange (NGX) extended its decline as profit-taking in energy and insurance sectors dragged key market indicators lower. Learn more about the
venerdì 21 agosto 2026·businessday.ng
Market correction wipes N5.42trn off NGX in 20-day slump - Businessday NG
Sentiment on the Nigerian Exchange Limited (NGX) has turned decidedly cautious as a wave of sustained profit-taking and broad...