NGX sheds N3.52trn as investors take profits, rebalance portfolios

Investors in the Nigerian equities market lost about N3.52 trillion in market value last week as profit-taking and portfolio rebalancing put pressure on share prices, although expectations of possible interest rate cuts and the commencement of trading in Dangote Refinery shares could provide fresh support for the market and trigger a rebound before the end of the year. The post…