Stock market reverses rally as investors lose N1.3trn in one week
326 trillion by the close of July, underlining the strength of the rally before last week’s correction.1trn July gain By Peter Egwuatu Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.“The emergence of fresh 52-week lows amid the broader market decline suggests that some investors are becoming increasingly cautious about individual stocks, even as the overall NGX remains significantly higher on a year-to-date basis,” the firm said.
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