Business

Nigerian stocks hit fresh highs but overbought signals flash caution

The Nigerian Exchange (NGX) posted an all-time high at the first trading session of the week when it surpassed N120 trillion and closed at N122 trillion.


Investors saw substantial N5 trillion returns on investment within a day.


This marks the strongest daily gain since May 23, 2023, driven by a rally in the prices of Dangote Cement, Nestle Nigeria, MTN Nigeria, and 53 other stocks.

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