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

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

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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