The United States has become a global powerhouse for billion-dollar companies, helping its stock market to far outvalue the world's leading economies due to its deep capital markets and regulatory support.
The NGX All Share Index's approach to recent highs has led to potential profit-taking and a cautious sentiment among investors.
Shares of Bytes Technology dropped over 27% following news that operating profit for the first half of fiscal 2026 would be marginally lower due to delayed customer decisions and prolonged internal restructuring adjustments.
At the halfway point of 2025, major hedge funds are closely tracking stock market returns, showing a trend towards recovery despite earlier volatility this year.