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Report states that Wall Street stocks deepened their losses on Monday and Tokyo had its worst day in 13 years as panic spread across trading floors over fears of recession in the United States, just as the Nigerian stock market dipped by 0.2%.
Specifically, the benchmark index of the stock market, Nigerian Exchange Limited, NGX All Share Index, ASI on Monday down to 97,582.41 points from 97,745.73 points it closed last week Friday.
In the same vein, another stock market gauge, NGX market capitalisation, which represents total investment value of investors on the Exchange dropped by over N97 billion to close at N55.404 trillion from N55.497 trillion.
On activity metrics, the volume and value traded on the NGX surged by 53.63% and 57.36% percent to close at 324.02 million units and N6.27 billion, respectively.
Zenith Bank led the volume and value chart with 36.9 million units traded (11.42% of total volume traded) at a total value of N1.33 billion (21.41% of total value traded), respectively which could be attributed to a cross of 2.9 million unit at N36.00 earlier in the day.
A US judge on Monday ruled that Google acted illegally to crush its competition and maintain a monopoly on online search and related advertising. In his decision, US District Judge Amit Mehta said Google had paid billions to ensure it is the default search engine on smartphones and browsers. The judge however, did not state what penalties Google and Alphabet will face as a result of the decision as fines […]
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