Africa ETP News
you are currently viewing::Nigeria: Equities Market Posts Biggest Loss in April As Investors Lose N1.1trnMarch 17, 2024--The Nigerian Exchange (NGX) market capitalisation recorded the biggest loss in the month of April with investors losing N1.1trn.
For eight consecutive trading days, the Nigeria bourse extended its losing streak as the benchmark index closed 1.93% weaker-the biggest single day decline since 19 February-to close at 99,808.34, according to analysis of yesterday's trading. The market's weak performance was attributed to selloffs in telco heavyweight, MTNN (-1.32%) alongside Tier-1 banking tickers, GTCO (-3.66%), FBNH (-5.61%). Source: allafrica.com |
South African growth outlook has improved but inflation risks abound, central bank says at Davos
January 21, 2025--Growth in Africa's most industrialised economy could be close to 2% in 2025, versus the 1.1% growth projected for 2024
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.
JSE plunges to lowest level in four months
January 14, 2025-- Industrial stocks recorded the biggest losses.
It was a sea of red on the JSE on Monday, with the bourse closing 1.7% down, at 82 046 points- its lowest level since mid-September.