FG’s bonds rise, market loses N85bn as Buhari wins re-election – Daily Trust

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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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 Election Result: Nigeria stock market loses N85bn in six hoursThe 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. We said and the results are not finally out and the repercussions are already with us. We all shall bear the pain. Propaganda warfare Looters are shaking!!
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