There was a bearish atmosphere in the Nigerian Exchange (NGX) on Friday, September 19. This is as the release of relatively underwhelming half-year earnings from key banks weighed heavily on sentiment and dragged the broader market into negative territory. At the close of trading on September 19, the NGX All-Share Index had shed 0.29 percent to trade at 141,845.32 points. The decline followed a wave of investor reaction to the financial results of some of the country’s largest banks. On September 18, two of the exchange’s largest banks, U
There was a bearish atmosphere in the Nigerian Exchange (NGX) on Friday, September 19. This is as the release of relatively underwhelming half-year earnings from key banks weighed heavily on sentiment and dragged the broader market into negative territory. At the close of trading on September 19, the NGX All-Share Index had shed 0.29 percent to trade at 141,845.32 points. The decline followed a wave of investor reaction to the financial results of some of the country’s largest banks. On September 18, two of the exchange’s largest banks, U