News Formal

Coronavirus: Panic mood on NSE, market capitalisation loses N308 billion

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Trading on the Nigerian Stock Exchange (NSE) on Friday ended on panic mood, as the country recorded the first Coronavirus case after Egypt and Algeria.

The News Agency of Nigeria reports that the panic mood affected trading on the exchange with the market recording only two gainers against 41 losers.

Commenting on the development, Mr Ambrose Omordion, Chief Operating Officer, InvestData Ltd., said the Coronavirus news heightened the negative sentiment already in the market. Omordion said the issue should be contained the way the previous administration fought Ebola, as the World Health Organisation and others continued to look for solutions to put an end to the virus.“The market and economy of China where it started is already recovering as over 35,000 people have been discharged from the hospital.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NSE: Depressed sentiment, unimpressive earnings take toll on tradingThe dual impact of depressed sentiment and unimpressive earnings affected trading on the Nigerian Stock Exchange (NSE) on Thursday.
Source: PremiumTimesng - 🏆 3. / 78 Read more »