Presidential Election Result: Nigeria stock market loses N85bn in six hours

The market capitalisation of listed equities on Tuesday shed N85 billion 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.

Mr Omordion said the smart money that pushed the market up with expectations that the opposition would win the presidential election were leaving the market. Conversely, Guinness led the gainers’ table during the day, gaining N2.05 to close at N67.15 per share.

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Presidential Result: NSE capitalisation loses N85bn in six hours
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Presidential election: NSE capitalisation loses N85 bn in six hours - Vanguard News NigeriaThe market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as a result of presidential poll.
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