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Nigerian equities shed N599 billion as Nestlé, First HoldCo drag market lower

The Nigerian equities market reversed Monday's gains on Tuesday as investors booked profits in First HoldCo and GTCO, even as less than expected half year result in Nestlé Nigeria

Kelechi MgbojiAugust 5, 20261 min read
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The Nigerian equities market reversed Monday's gains on Tuesday as investors booked profits in First HoldCo and GTCO, even as less than expected half year result in Nestlé Nigeria Plc triggered sell off, wiping N599 billion off market capitalisation despite a sharp increase in trading activity.

The post Nigerian equities shed N599 billion as Nestlé, First HoldCo drag market lower appeared first on Nairametrics.

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