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Home Spotlight

[JULY HORROR] N874 billion Wiped Out as Stocks Posted Gains for only Two out of 21 days of Trading

Nairametrics by Nairametrics
August 3, 2015
in Spotlight, Stock Market
[JULY HORROR]  N874 billion Wiped Out as Stocks Posted Gains for only Two out of 21 days of Trading
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The month of July has come and gone and most be investors must be reeling. Out of a total of 21 days of trading Nigerian All Share Index only Posted gains just twice. That was on the 16th and 21st of July and both days came before and after the Sallah break.

The All Share Index closed 9.79% at the end of the Month with all sectors basically posting negative losses. About N874 billion was wiped out of the stock market this month alone making it one of the worst month for stocks this year.

Why was it this bad?

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