Nigerian stock market extends losses as 55 stocks fall, 20 gain

The Nigerian Exchange Limited saw share prices of 55 listed companies decline last week, extending the market's losing streak. Meanwhile, 20 stocks posted modest gains, offsetting some of the downward pressure. Analysts linked the weakness to rising international oil prices amid heightened Middle-East tensions.

What we know

• 55 NGX-listed stocks depreciated last week
• 20 stocks recorded gains
• Market weakness tied to rising global oil prices

Sources

1. Stock market extend losses, 55 stocks depreciate; 20 record capital gains – Vanguard, 14 h ago
2. Stock market extend losses, 55 stocks depreciate – Vanguard, 12 h ago
3. Stock market extends losses as 55 stocks depreciate – Linda Ikeji's Blog, 10 h ago

Updates

• 26 Oct, 11:47 WAT – Story published – 2 outlets

This page groups reports from the outlets above; headlines belong to their publishers. Summary written by our automated desk from multiple reports. How we work.

Join the discussion

Talk about this story with other readers in the 9jaPulse forum. Free account – just a username and password.

Discuss this story Know more? Send us a tip