Market sheds N366bn as investors ignore undervalued stocks

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Investors in Nigeria’s stock market booked about N366billion loss in the trading week ended Friday, March 14.


Banking, industrial, and oil & gas stocks were the major drivers of the NGX negative close in the review week, despite bargains recorded in insurance and consumer goods stocks.


This month, the market has decreased by 1.69 percent, while its return year-to-date (YtD) decreased to +2.98 percent.

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