Dbboy:
Lol, the major reason the stockmarket picketd up was as the result of the present freefloat/devalution of the naira, now you want to praise that dull fellow of a president that actually came out 3days ago and was saying he doesnt like the devaluation of this same dollar, which got most of us asking if the idiot was contemplating reversing the said policy but i know market forces were to strong for him to handle and ad such he would have to swallow his pride and allow the naira devalue. So buhari though the president shouldnt enjoy thr praise of a systerm he was oppose to.

This is the problem I have with wailers who managed to study economics. Did you read the bolded?

Riding on the back of sustained gains in May and
June, the stock market erased the losses in the
previous four months and left the investors with
some N314 billion in capital gains.

Did u not see that the gains started from May? was Naira devalued as at that time? Stop using jagons to try to confuse us.

Kudus to Buhari. Sai Buhari!

#ProudlyZombie

realjoker:

https://www.today.ng/business/146029/stocks-market-records-n314bn-gain-half

Please note, they did not gain, they are recovering previous losses.

AnalyticEngine:
This is the problem I have with wailers who managed to study economics. Did you read the bolded?

Riding on the back of sustained gains in May and
June, the stock market erased the losses in the
previous four months and left the investors with
some N314 billion in capital gains.

Did u not see that the gains started from May? was Naira devalued as at that time? Stop using jagons to try to confuse us.

Kudus to Buhari. Sai Buhari!

#ProudlyZombie

Stop fooling yourself, Oga.
You should have also noted this:

A six-month analysis of the first half showed that the market benefited from the newly introduced market determined foreign rate policy which was a boot to investor confidence.

Your buhari has said it is a TRIAL after he was forced to GRUDGINGLY accept the floating of the naira since his own target was to have an ARTIFICIAL, unsustainable subsidised importation of equalised naira:$ exchange rate that will cripple the economy all around as happened in 1984.



www.nairaland.com/attachments/3431120_cdatausersdefappsappdatainternetexplorertempsavedimages3420191picsart1455886204785jpeg503a9ea978cee321112203705090d494_jpeg42f7ff794fb9c526b6223de620a8596b



www.nairaland.com/attachments/2403078_buharinairatodollarpromise_jpeg536f4a3346e6a689940c6ceb025c51a7



www.nairaland.com/attachments/3515036_image_jpeg9f360c5ab7736510df54c882e9dbf188

anonimi:


Stop fooling yourself, Oga.
You should have also noted this:



Our buhari has said it is a TRIAL after he was forced to GRUDGINGLY accept the floating of the naira since his own target was to have an ARTIFICIAL, unsustainable subsidised importation of equalised naira:$ exchange rate that will cripple the economy all around as happened in 1984.

Oga wailer, stop digressing and focus on the matter at hand. Floating of the Naira was the most recent economic policy undertaken by the government. No doubt. But the extract has it that the growth was seen even before Naira was floated (May). Common sense should tell you that though the seemingly unsustainable development created by Naira floatation boosted gdp, the policies up until then also played some positive roles. That's the premise my argument is predicated upon.

Btw, It is OUR Buhari, not my Buhari alone. Whether you like it or not. Mumu.

Teenaira:


Please note, they did not gain, they are recovering previous losses.

How would the recover from previous losses if they did not make gains? Care to explain?

AnalyticEngine:


How would the recover from previous losses if they did not make gains? Care to explain?

Very simple, if you invested N1,000,000.00 ( one million naira only ) in the stock market lets say in January, 2016 and by 30th April, 2016 the value of this investment is N250,000.00 ( two hundred and fifty naira only ) and then by 1st July, 2016 the value of the investment is now N 350,000.00 ( three hundred and fifty thousand naira only ). How much gain have you made ?

May I also add that inflation rate is about 15 %.

Teenaira:



Very simple, if you invested N1,000,000.00 ( one million naira only ) in the stock market lets say in January, 2016 and by 30th April, 2016 the value of this investment is N250,000.00 ( two hundred and fifty naira only ) and then by 1st July, 2016 the value of the investment is now N 350,000.00 ( three hundred and fifty thousand naira only ). How much gain have you made ?

May I also add that inflation rate is about 15 %.

If we go by your biased analysis, then there was a loss of N650000. But to me, it is a gain of N100,000.

To be fair, Let's say the stock market was maintained with forex from sales of crude oil at $120/barrel as at January 2016. But the value of crude oil reduced to $30/barrel the subsequent months up until present. Due to this unexpected and abrupt change in financial potential caused by the short supply of forex, policies were made and the crashed stock began to rise. If we assume a linear relationship between the value of stock and revenue, then the comparative value of the initial N1000000 is N250000. A rise from this amount to N350000
is definitely a gain. The comparative value of stock if the price of crude oil was still $120/barrel would be N1400000, an amplified gain of 400000

The limiting factor here is the policy that was made that led to the gradual recovery of stock.

SeverusSnape:
... That's because it's coming from a reliable and credible source. You should know.

hahahahahahahahaha. At reliable source. Sang you're gullible