At the end of last week's trading activities in the Nigeria Stock Market, the market capitalisation declined by N13 billion following the Central Bank's
At the end of last week’s trading activities in the Nigeria Stock Market, the market capitalisation declined by N13 billion following the Central Bank’s Monetary Policy Rate hike to 18 per cent.
A review of last week’s trade showed that similarly, all other indices finished lower except for NGX Consumer Goods and NXG Growth, which appreciated by 1.11 per cent and 2.90 per cent, respectively, while the NGX ASeM, NGX Oil and Gas indices and NGX Sovereign Bond index closed flat. DAILY POST reported that the Monetary Policy Committee of the Central Bank of Nigeria raised Monetary Policy Rates, MPR, to 18 per cent from 17.5 per cent last month.
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