The Nigerian equities market staged a dramatic end-of-month recovery on Monday, adding N1.91 trillion to its market capitalisation in a single day. Despite this rally, the Nigerian Exchange (NGX) lost 0.44% in August overall. The month-end recovery was driven by renewed investor interest, but the market still closed the month in negative territory. Analysts attribute the mixed performance to a combination of factors, including profit-taking and macroeconomic concerns.
Related Articles
Don't miss out on breaking stories and in-depth articles.