Analysts at Financial Derivatives Company gave this warning while reviewing developments in the stock market following the announcement of President Muhammadu Buhari as winner of the election.
Specifically, the gains recorded by Guaranty Trust Bank, GTBank , Zenith Bank and International Breweries pushed up the Nigerian Stock Exchange, NSE All Share Index , by 0.95 percent to settle at 32,129.94 points. The most traded stocks by volume were Diamond Bank , UBA and Zenith Bank while the top traded stocks by value were Zenith Bank , Dangote Cement and GTBank .
On the other hand, the Insurance index closed in the red, declining 0.2 percent, dragged by losses in NEM Insurance while the Oil and Gas index closed flat at 299.51 points.
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Presidential election result: Nigeria Stock market loses N196 billion - Premium Times NigeriaNSE on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion Wow instresting buhari is working, next level here we come This is no more a news, you're very slow. Let them stop running, Buhari will do better in the second tenure, especially now that the issue of integrity has been laid to rest.
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