简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Naira stock market loses ₦365 billion in a week, marking its third consecutive decline and shaking investor confidence.
Last week, Nigeria's stock market posted its third straight weekly loss, shedding ₦365 billion in market value and falling to a one-month low. The All-Share Index (ASI) dropped by 0.55% to close at 105,955.13 points, while total market capitalization declined to ₦66.352 trillion.
Although sectors like insurance and consumer goods showed resilience, bearish sentiment prevailed overall, with selling pressure and profit-taking driving the market downward.
The sharp decline in the Naira stock market was largely driven by persistent bearish sentiment and investor concerns over short-term returns.
The market breadth turned negative, with 46 stocks declining and only 38 gaining. Meanwhile, global market uncertainty, especially triggered by U.S. tariff policies, heightened risk aversion among local investors. Portfolio rebalancing and alternating waves of bargain hunting and sell-offs further amplified market volatility.
Looking ahead, the Naira stock market is expected to continue grappling with external macroeconomic uncertainties and the ongoing digestion of corporate earnings forecasts.
Analysts anticipate that profit-taking and bargain hunting will remain dominant forces as more earnings reports and dividend announcements hit the market. Investors are advised to closely monitor global economic developments and local corporate actions to navigate potential headwinds in the weeks ahead.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiFX is excited to announce an intriguing campaign scheduled to occur in the final 10 days of Ramadan.
The forex market is ever-changing—how to secure steady profits is the key question for every trader.
Central banks play a pivotal role in shaping global economic landscapes. Their policies—ranging from interest rate adjustments to quantitative easing—directly influence both forex markets and the price of gold. As major players, central banks not only aim to stabilize their economies but also inadvertently set off a chain reaction in the trading world.
As the global multi-assets investment market flourishes, the localized differences within the forex market have become increasingly pronounced. WikiFX, serving as a forex broker information service platform across over 180 countries and regions, has developed a brand-new local broker guide, WikiFX SkyLine Guide, for users. This guide is founded on extensive data analysis and incorporates authoritative evaluations from local experts. It employs a rigorous multi-dimensional scoring system to enhance transparency and credibility within the foreign exchange industry. The primary objective is to assist investors in identifying the most reputable local brokers.