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Nairaland Forum / Nairaland / General / Business / Nigerian Stock Exchange Dips N27.4 Bn in September (5068 Views)
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Nigerian Stock Exchange Dips N27.4 Bn in September by Truth234(m): 6:09am On Oct 04, 2016 |
The Nigerian stock exchange market declined by N274 billion in the month of September to N9.733 trillion from N9.760 trillion. Investment in the market has dropped by 1.1 percent Year to Date, YtD, while the gauge of the market declined by 0.3 percent to close at 28,335.40 points from 28,419.92 points at the beginning of the trading month. Mr. Mustapha Chike-Obi, former boss of Asset Management Corporation of Nigeria, AMCON said it is a liquidity issue that the market currently trades about ten million dollars’ worth of securities daily but has the capacity to do more. He further stated that the issue of liquidity must be addressed to record substantial growth in the Capital market. "There is need to look inward and that the Government must begin to address those things that impede growth," he added. Accordingly, the bond market closed on a bearish note last week as profit taking along the yield curve pulled yields lower. However, some traders have said the increase in demand for blue chip companies will likely boost the attractiveness of the market this week. “This week we expect to see mixed signals with positive sentiments driven by a rally in oil prices, while other investors book profits in order to bid at the PMA on Wednesday.” "The economy is going through recession, it is normal for the stock exchange market to respond likewise, but as soon as a series of measures put in place by the CBN and FG crystallized, and OPEC go through with the proposed production cut in November. The economy should record some progress and ease up," said Samed Olukoya, a foreign exchange research analyst at Investors King Ltd. http://investorsking.com/nigerian-stock-exchange-dips-n27-4-bn-in-september/ |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by allanphash7(m): 6:51am On Oct 04, 2016 |
Ok |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by slimthugchimee(m): 6:51am On Oct 04, 2016 |
I FEEL SOO SORRY FOR THE SPERM THAT PRODUCED BUHARI IT MOST BE REALLY DISAPPOINTED 28 Likes 3 Shares |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by abokibuhari: 6:52am On Oct 04, 2016 |
Buhari is an ani mal 13 Likes 1 Share |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by nony43(m): 6:53am On Oct 04, 2016 |
Haba, 2019 is too far 2 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by raker300: 6:53am On Oct 04, 2016 |
Too bad news like these don't get enough media coverage but news of liar Muhammad standing in line get so much more media coverage. They say the first step in solving a problem is first admitting you have a problem..the fact that this present govt has refused to admit they have a problem means they aren't even ready to solve the problem.. Well, an "I told you so" from yours truly is in order.. 24 Likes 2 Shares
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Re: Nigerian Stock Exchange Dips N27.4 Bn in September by saintkel(m): 6:53am On Oct 04, 2016 |
Welcome to Buhari's era of change.... 8 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by Nobody: 6:53am On Oct 04, 2016 |
Errr is someone also gonna blame 16yrs of misrule for this? Awon oniranu radarada 11 Likes 1 Share |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by Nobody: 6:55am On Oct 04, 2016 |
abokibuhari:Calling him an animal is an insult to animals. Even a stone won a mock poll over him 16 Likes 1 Share |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by GoodSide: 6:55am On Oct 04, 2016 |
by friday dollar will almost be close to 600naira. then lo and behold dollars worth would now be 1500naira . then men wud reduce clubbing,forming boss,runing fen 24/7 ..dispenser water 1k petrol wud be sold at 700 a liter buhari has killed us all men 10 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by bunmat007: 6:55am On Oct 04, 2016 |
Our economy shall rise again...... |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by dragonking3: 6:57am On Oct 04, 2016 |
All thanks to the dullard and the Afonja zombies who voted him into power. 12 Likes 1 Share |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by Elisean(m): 7:01am On Oct 04, 2016 |
Complaint groups |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by VocalWalls: 7:03am On Oct 04, 2016 |
E fun clear for our eyes... We're stuck in the matter together. God help us. How To Choose An Interior Design Theme |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by KingRex1(m): 7:04am On Oct 04, 2016 |
Buhari blamers association.. BBA 2 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by deebrain(m): 7:12am On Oct 04, 2016 |
slimthugchimee: Kindly stop pushing the blame on the wrong thing. Respect the effort of our couples on the bed. |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by AnyibestDede(m): 7:12am On Oct 04, 2016 |
I give up! All hope is gone!! Buhari prosterity ll judge u,,, continue 3 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by Redoil: 7:13am On Oct 04, 2016 |
Ngeneukwenu should come and explain to us how gej pre rig the stock market to explode after leaving power 9 Likes 1 Share |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by NaijaFutbol: 7:14am On Oct 04, 2016 |
Oshe baddest! I stand with Buhari |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by clefstone(m): 7:14am On Oct 04, 2016 |
Sai Chanji 2 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by deebrain(m): 7:17am On Oct 04, 2016 |
GoodSide: Did you notice that you have the most negative post in response to the obvious, despite your Optimistic username? Tap sense this new month in Jesus name. 1 Like |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by Youngzedd(m): 7:17am On Oct 04, 2016 |
Nigerians got no chill. |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by ednut1(m): 7:22am On Oct 04, 2016 |
MMM and stock exchange are ponzi schemes. true or false ![]() 3 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by blaise00700(m): 7:22am On Oct 04, 2016 |
![]() 5 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by GoodSide: 7:22am On Oct 04, 2016 |
quote me any day anytime bro. deebrain: 2 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by ifanajs: 7:22am On Oct 04, 2016 |
I am a Nigerian
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Re: Nigerian Stock Exchange Dips N27.4 Bn in September by bloomstar: 7:23am On Oct 04, 2016 |
Bubu one chance... End time president 4 Likes |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by bloomstar: 7:25am On Oct 04, 2016 |
ednut1: MMM never do una something... Keep living in infatuation. 1 Like |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by daclint(m): 7:25am On Oct 04, 2016 |
Buhari is the root of all evil Quote me and receive your generational curse. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Dips N27.4 Bn in September by vengertime: 7:30am On Oct 04, 2016 |
ifanajs:.
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