Bearish sentiments persisted in the equities market, wiping off N208 billion from the market capitalisation on the Nigerian Xchange Group (NGX) in the just concluded trading week. Ripples Nigeria reports that investors recorded a loss of N440 billion the previous week. In the just-ended trading week, the equities market opened for four days, gaining in…
The Nigerian equities market continued to experience bearish sentiment as investors lost a massive N1.06 trillion at the close of trading on Tuesday. This followed a dip in the share prices of stocks like HONEY FLOUR, DANGOTE CEMENT and JULIUS BERGER amongst others on the trading floor. After five hours of trading at the capital…
Investing.com – EOS was trading at $0.7666 by 00:09 (05:09 GMT) on the Investing.com Index on Sunday, down 10.13% on the day. It was the largest one-day percentage loss since December 18. The move downwards pushed EOS’s market cap down to $1.1928B, or 0.04% of the total cryptocurrency market cap. At its highest, EOS’s market…
The formation of a strong bearish candle on Nifty’s weekly chart certainly showcases a turnaround move, with bounces to be seen as opportunities to exit longs. As Nifty slipped below the pivotal zone of 200 SMA on Friday, the next potential support could be seen around the recent swing low of around 23,200-23,100, while a…
Marc Faber, a veteran Swiss investor based in Thailand, is renowned for his bearish market predictions. He has earned a reputation for accurately forecasting economic downturns and is famously referred to as Dr Doom. Speaking to ET Now, Faber revealed how he earned the epithet. The story dates back to the 1970s. Faber relentlessly wrote…
On Thursday, Roth/MKM held steady on its Sell rating for AMC Entertainment (NYSE:) stock, maintaining a $4.00 price target. The firm acknowledged an improvement in second-quarter performance due to a late surge at the box office. Third-quarter results are expected to show sequential gains, with a return to year-over-year growth predicted for the fourth quarter….
