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/

Ok

I FEEL SOO SORRY FOR THE SPERM THAT PRODUCED BUHARI



IT MOST BE REALLY DISAPPOINTED

Buhari is an ani mal

Haba, 2019 is too far

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..

Welcome to Buhari's era of change....

Errr is someone also gonna blame 16yrs of misrule for this?
Awon oniranu radarada

abokibuhari:
Buhari is an ani mal

Calling him an animal is an insult to animals. Even a stone won a mock poll over him

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

Our economy shall rise again......

All thanks to the dullard and the Afonja zombies who voted him into power.

Complaint groups

E fun clear for our eyes... We're stuck in the matter together.

God help us.


How To Choose An Interior Design Theme

Buhari blamers association.. BBA

slimthugchimee:
I FEEL SOO SORRY FOR THE SPERM THAT PRODUCED BUHARI



IT MOST BE REALLY DISAPPOINTED

Kindly stop pushing the blame on the wrong thing.

Respect the effort of our couples on the bed.

I give up! All hope is gone!! Buhari prosterity ll judge u,,, continue

Ngeneukwenu should come and explain to us how gej pre rig the stock market to explode after leaving power

Oshe baddest!

I stand with Buhari

Sai Chanji

GoodSide:
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

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.

Nigerians got no chill.

MMM and stock exchange are ponzi schemes. true or false

quote me any day anytime bro.

deebrain:



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.

I am a Nigerian

Bubu one chance... End time president

ednut1:
MMM and stock exchange are ponzi schemes. true or false

MMM never do una something...
Keep living in infatuation.

Buhari is the root of all evil



Quote me and receive your generational curse.

ifanajs:
I am a Nigerian

.