Stock market reverses rally as investors lose N1.3trn in one week

… Despite N11.1trn July gain By Peter Egwuatu  Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and

The Nigeria Stock Exchange (NGX) has become the world’s top-performing equity market in US dollar terms, overtaking South Korea’s KOSPI index in the first half of 2026. Bloomberg data tracked from 92 global stock exchanges revealed that Nigeria’s benchmark index gained 67% in dollar terms, with the South Korean KOSPI g

Financial stocks have been among the market’s best performers this month. The Fed’s next move, however, may determine how much further the rotation can run.

Options traders and market makers in Chicago were quick to buy dips below 7,500 in the benchmark index Friday, but almost as quick to sell rallies above that level.