The Nigerian equities market opened July on a sharply bearish note as renewed profit-taking across heavyweight banking, industrial, oil and gas, and consumer goods stocks triggered another steep market decline, wiping approximately N2.39 trillion from investors’ wealth. Trading data from the Nigerian Exchange (NGX) showed the benchmark All-Share Index (ASI) falling 1.63% to close at 225,690.07 points, down from 229,419.18 points recorded in the previous trading session. Market capitalisation declined to N144.82 trillion, while the market’s year-to-date (YTD) return eased further to 45.03%.................................READ MORE