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Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics - Business (4) - Nairaland

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Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by X2X(m): 1:17pm On Aug 27, 2015
eneanya2:


http://nairametrics.com/nigerian-stock-market-has-lost-n2-5-trillion-since-buhari-won-election/

Nonsensical analysis. I guess you will also blame the across board loss in emerging markets on Buhari's hesitance to announce his economic team?
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by amazingspiderma: 1:18pm On Aug 27, 2015
koboko69:


No point educatiing them. Let them wail on the thread

Between June 2014 and June 2015, China's Shanghai Composite index rose by 150 percent. A big reason for the stock market rally was that a lot of ordinary Chinese people began investing in the stock market for the first time. More than 40 million new stock accounts were opened between June 2014 and May 2015.

Related The August stock slide, explained

And many have been buying stocks with borrowed money. The Chinese government used to strictly limit this practice, but over the past five years the government has gradually relaxed those regulations.

Earlier this year, the authorities became concerned that the stock market's rise had become unsustainable. So they began to tighten limits on debt-financed stock market speculation. The stock market peaked in June and then began to fall quickly.

Efforts to prop up the market haven't worked

By early July, the market was in free fall, and the Chinese government began to panic. Authorities took a number of steps to push stock prices back up:

The central bank provided more cash to the China Securities Finance Corp, a state-run company that lends people money so they can buy stocks.
Initial public offerings were suspended, so that newly issued shares wouldn't compete for capital with those already on the market.
Companies' major shareholders — those with more than 5 percent of a company's shares, as well as executives and board members — were banned from selling shares for six months.
China's securities regulator ordered companies to either buy their own shares or encourage their executives or employees to do the same.

Those efforts seemed to work for a few weeks. The Shanghai Composite rose from the July 8 low of 3,507 and seemed more stable. But that proved to be a temporary reprieve. Last week, the market began to plunge again.

Once again, China tried to prop up the stock market, announcing that a major state pension fund will be allowed to invest in stocks for the first time. But the market was unimpressed with the announcement.

Source-http:http://www.vox.com/2015/8/23/9195891/china-stock-market-crash

The fall of the Chinese stock exchange was anticipated since earlier this year.

Nigerians should stop referring to the news on capital market crash in China as an excuse for lack of policy and direction.

2 Likes

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by X2X(m): 1:22pm On Aug 27, 2015
amazingspiderma:


Nigerians should stop referring to the news on capital market crash in China as an excuse for lack of policy and direction.

Forget China. Look at the below and tell me whether Buhari's lack of policy and direction is to blame.

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by permsec: 1:38pm On Aug 27, 2015
erunz:
THIS IS PART OF THE CHANGE SOME PEOPLE VOTED FOR. NIGERIA IS ON AUTO REVERSE WITH FULL SPEED
I wish i can give you more likes but am only restricted to one. One bottle of chilled Orijin for U!

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by maximilian19(m): 1:42pm On Aug 27, 2015
yinka2011:
and the main reason is crude oil prices not gej or pmb. so pls stop politicizing the issue.

PMB is to blame, b'cos he always has in mind ''OIL'', so many countries without oil or even with oil still has growth in their stock exchange such as Japan, Hong kong, Germany, Dubai, have u heard them complaining about fall of oil?, my fellow nija people if PMB tot dat sole-adminstration will make investors come into Nigeria the answer is capital NO, cos they (investors) don't know were he is heading to.

And read very careful, ''many investors withdraw, when he start probe against pass government'' to tell u the investors has special anaylist on economy to tell them wen to invest or not, and it will keep falling until PMB get ready to do his work and stop blames and propaganders.

God bless Nigeria.

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Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by amazingspiderma: 1:48pm On Aug 27, 2015
X2X:


Forget China. Look at the below and tell me whether Buhari's lack of policy and direction is to blame.


You are also right,but that does not change the fact that we urgently need financial policies or minister who understand how their peers in other countries are responding to this trend.

This is no longer the age of blame.
What are we doing right now in Nigeria

2 Likes

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by ajepako(f): 2:01pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.


Seriously, when are you going to admit it's not an easy ride in the park and leave GEJ out of the problem?

I don't have an issue with our old dude, but, Nigerians voted him believing he is capable and yeah, he promised Nigerians he will.

If he is relenting in doing it as a result of whatever, why blame another guy?

Agreed it was a shitty situation, but shouldn't there have been plans on ground to put things in order, at least to ease the plight of the common man?

Just wondering since apparently you have 'knowledge' of happenings under Mr. Buhari

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by uchennaq(m): 2:10pm On Aug 27, 2015
Are you sure this is not a global trend. America's NYSC stock has being in serious crisis since last week. CNN News
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by FOLLEY20(m): 2:11pm On Aug 27, 2015
Am still watching ..........
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by PassingShot(m): 2:19pm On Aug 27, 2015
ajepako:



Seriously, when are you going to admit it's not an easy ride in the park and leave GEJ out of the problem?

I don't have an issue with our old dude, but, Nigerians voted him believing he is capable and yeah, he promised Nigerians he will.

If he is relenting in doing it as a result of whatever, why blame another guy?

Agreed it was a shitty situation, but shouldn't there have been plans on ground to put things in order, at least to ease the plight of the common man?

Just wondering since apparently you have 'knowledge' of happenings under Mr. Buhari

It is an act of idiocy for anyone to expect that the rot of sixteen years can be solved in three months. Relax!
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Decibel: 2:34pm On Aug 27, 2015
PassingShot:

It is an act of idiocy for anyone to expect that the rot of sixteen years can be solved in three months.
Relax!
What a blame game!Well, you are justifying your pay.

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Nobody: 2:38pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.
and i gues he bestowed it on china and the USA too. ignorant fellow.

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by FBLJ(m): 2:39pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.
If GEJ Bestowed it on you, why is USA and CHINA suffering the same thing? GEJ caused it too? una know the reason?

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Whynotthetruth(m): 2:58pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.

Why did you run away yesterday...

Back to Topic; So after reading why investors aren't investing funds in NSE anymore... you still went ahead to mention Jonathan in it and your sycophants spurred you on?...God have mercy on your soul...Amen

3 Likes 1 Share

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Beync(f): 3:04pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.
you mean gej also bestowed US, China and other major powers their own losses, doesnt make sense at all. Could you pls take responsible for your actions and inactions for once and stop the blame game?

2 Likes

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Beync(f): 3:10pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Nobody: 3:22pm On Aug 27, 2015
You did not acknowledge the growth in stock indices all over the world yesterday and today - Even Japan, South Korea, Hong Kong, The Dow in the US, and all European indices appreciated yesterday and today.

Buhari is a Daura President.

He will cripple Nigeria's large economy in no time.

Keneking:
Great

Meanwhile in China, on August 24th, the Shanghai main share index lost another 8.49%. As a result, billions of pounds were lost on international stock markets with some international commentators labeling the day 2015 Black Monday.There were similar losses on Tuesday, leaving the market up 38% for the year as of August 27, 2015.(Wikipedia)

This is a global issue not Buhari-influenced action..nairametrics sef shocked
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by mmsen: 3:42pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.

If other nations are experiencing the same issue how do you then reason that it is something caused by GEJ?

Does GEJ have power over the global economy?

Does he set commodity prices?

Does he set interest rates in the US?

2 Likes

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Nobody: 3:44pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.

China and US are experiencing the same issue, yet it was GEJ that bestowed it to Nigeria. Are you sure u're reasoning well?

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by greaterlove(m): 3:46pm On Aug 27, 2015
bushdoc9919:


All of you Nigerians....we are here because you want awoof governance. You want the govt to share money for you. You do not want to develop domestic industries, based on the local materials you have here. You want to share money....so that you will import.

Yes....the stock market crashed. It also crashed before....during PDP's time in office.

That tells me something.....we are doing something wrong. And that something is our reliance on oil....which PDP falied to deal with from OBJ to GEJ.

Yes....Buhari is probing...because right now...we need the dollars to prop up the naira so that we do not end up with N1000 to $1. And he should even extend the probe beyond GEJ even back to 1960....because right now...the oil money is not enough(it never was). But even with probe....even if we recover everything....it will only push the rainy day foward by a few years.

Which is why instead of playing politics....you Nigerians should demand better. We must invest heavily in education, infrastructure and innovation. Because.....right now, oil price is below $50, and it is not going up again. Better tell your governor to work hard. Better tell Abuja too to work hard.
This is the most sensible post I have read so far.
In Nigeria we want to eat our cake and have it. It has gotten so terrible that the people will fight any leader that tries to correct this anomaly.
Corruption is not the major problem facing this country, corruption is one of the products from the way we do things in this country. Until we start taking education serious instead of lowering it for some region, investing heavily in infrastructure and human development, giving states control of their resources and running a smaller and more open government, until we do these, the fight against corruption is just a mirage.

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by CuteTj(m): 3:59pm On Aug 27, 2015
IsraeliAIRFORCE:


Oando shares is now valued at N9.9 per share.

Dude, common sense should tell you that Oil companies will experience bad times this season because of the drop in oil prices by more than half. Or na because of Buhari's unknown policy direction make oil prices drop?

2 Likes

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by erico2k2(m): 4:10pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.
Howlong. Wen one state declares bankruptcy then U will know howfah
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by erico2k2(m): 4:13pm On Aug 27, 2015
PassingShot:

It is an act of idiocy for anyone to expect that the rot of sixteen years can be solved in three months. Relax!
Ofcos yes it can.chey PMB get magic wand and body language

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by drnelson: 4:15pm On Aug 27, 2015
[size=18pt]Nairametrics = IGBO-METRICS[/size]

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by 989900: 4:17pm On Aug 27, 2015
Whatever the case is, we have to have a plan, and hurry up with it too.
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by IsraeliAIRFORCE: 5:16pm On Aug 27, 2015
CuteTj:


Dude, common sense should tell you that Oil companies will experience bad times this season because of the drop in oil prices by more than half. Or na because of Buhari's unknown policy direction make oil prices drop?

Go back and check the performance of blue chip companies within the last three months

You want to defend a clear uncertainty and lack of policy directions hampering Nigerian Stock Market and Indigenous companies access to credits.

I gave you example of an Indigenous Oil company as a representative of local industries while the case is not same compared to Foreign counterparts in the same stock market.

Other markets around the world fluctuate and bounce back while Nigeria's case is on continuous downward fall for the last 3 months because of uncertainties.
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by ogbonnajude507: 5:29pm On Aug 27, 2015
what does it profit our nation or country to make good policies and attract huge investment from investors,thereby making huge return,growing our gdp and at same time losing all the money in the hands of few looters.judelaw chp 5 vs 4.my brothers and sisters in christ and in allah no need to rush into policy formulation that will bring about the much needed change because kwaruption will still be the monster that will keep us at square 1 if not eradicated or ameliorated.the major problem of this country is kwaruption because of its hydra-headed nature, all plans to bring about growth and development will be thwarted eventually at the long run.

1 Like

Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by sharpshooterman(m): 5:48pm On Aug 27, 2015
Pple saying “say buhari” I believe they are senceless because u see how the economy is deprciating day by day nd we don't even knw were he is taking us to, even if he wants to probe anybody he can do so without d economy falling, I remember the time of OPUTA PANEL, did pple suffer d way buhari is making pple suffer nw buhari government is just one side goverment, he should forget about probe and lead d pple to d way forward of dis crashing economy, afteral since buhari started his probe we have not seen any result of d probe. He should please forget about probe and rule this country.
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by CuteTj(m): 6:09pm On Aug 27, 2015
IsraeliAIRFORCE:


Go back and check the performance of blue chip companies within the last three months

You want to defend a clear uncertainty and lack of policy directions hampering Nigerian Stock Market and Indigenous companies access to credits.

I gave you example of an Indigenous Oil company as a representative of local industries while the case is not same compared to Foreign counterparts in the same stock market.

Other markets around the world fluctuate and bounce back while Nigeria's case is on continuous downward fall for the last 3 months because of uncertainties.

In as much as you are correct, every knowledgeable person knows the reason for the slump in oil prices so Oando's example does not correctly support your assertion.
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by Nicepoker(m): 8:15pm On Aug 27, 2015
EdCure:
The Wailers have no knowledge of international politics and global trends.
I hope things get better.
basking in the euphoria of ignorance.
Re: Nigerian Stock Market Has Lost N2.5 Trillion Since Buhari Won - Nairametrics by sambisa5: 8:28pm On Aug 27, 2015
PassingShot:
China, USA and other major powers are experiencing this same issue.

This is partly what GEJ bestowed on us. It will get better by the passage of time.
just close your mouth ooooo ,,i don't want to hear GEJ in this matter..... lipsrsealed

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