Nigerian stocks fall 0.25 percent as market jitters are caused by Trump's threat.
SOURCE: NairaMetrics The All-Share Index (ASI) fell by 0.25% to close at 153,739.11 points, wiping out roughly N244.9 billion in market value, giving the Nigerian Exchange (NGX) a bearish start to the week. Selloffs in medium- and large-cap stocks in the banking, oil and gas, and consumer goods industries were the main cause of the decline. Following a robust October rally, market capitalization dropped from N97.8 trillion to N97.5 trillion, indicating a renewed sense of caution among investors. Market analysts told Nairametrics that the pullback was mostly caused by normal profit-taking following weeks of robust gains, despite some traders initially attributing it to increased geopolitical noise, such as a widely shared post by US President Donald Trump threatening to "send troops" to Nigeria over alleged religious killings. According to a media report from a well-known website for international business,...