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Consumer goods selloff wipes N1.76 trillion from NGX as market extends losses

The Nigerian equities market extended its decline on Wednesday, August 12, 2026, as heavy selling in consumer goods stocks and selected large-cap counters wiped approximately N1.76 trillion off market capitalisation. The post Consumer goods selloff wipes N1.76 trillion from NGX as market extends losses appeared first on Nairametrics .

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Brazil’s Q2 Earnings Turn Red at MRV, CSN and Americanas

Brazil · Earnings Key Facts MRV loss MRV&CO posted a net loss of R$626.3 million (about US$121 million) in Q2 2026, a 22.7% smaller loss than a year earlier.

  • MRV reported R$626.3 million (US$121 million) net loss due to US$110 million impairment.
  • CSN posted R$773 million (US$149 million) net loss despite higher revenue.
  • Americanas reported R$274 million (US$53 million) net loss due to declining same-store sales.

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