FG’s bonds rise, market loses N85bn as Buhari wins re-election
Trading on the equity segment of the Nigerian Stock Exchange ended on another negative performance as investors’ wealth decreased by N85.6bn to close market capitalization at N12.0 trillion.However, the Federal Government of Nigeria dollar-denominated government bonds rose to 5-7 month highs, yesterday, after President Muhammadu Buhari won a second term at the helm of Africa’s largest economy and top oil producer.
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Presidential election: Nigerian Stock Exchange capitalisation loses N85bn in six hours – Daily TrustThe market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as result presidential poll. Specifically, the market capitalisation, which opened at N12.194 trillion, shed N85 billion or 0.69 per cent to close at N12.109 trillion.ADVERTISEMENT Also, the All-Share Index lost 226.30 points …
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Stock Market Loses N85bn In 6 HoursThe market capitalisation of listed equities yesterday shed N85billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll. Specifically, the market capitalisation, which opened at N12.194 trillion, shed N85 billion or 0.69 per cent to close at N12.109 trillion. The All Share Index (ASI) shed […]
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Presidential Result: NSE capitalisation loses N85bn in six hours
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