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Nairaland Forum / Nairaland / General / Investment / Stock Market Shareholders Lose N108billion To Forex Suspension (8938 Views)
New Forex Policy: Stock Market Records Best Global Performance / Stock Market Lost N1.732tn In One Year Under Buhari / Stock Market Shareholders Lose N1.15trn In Q1 (2) (3) (4)
Stock Market Shareholders Lose N108billion To Forex Suspension by FWJOBSNG: 8:53am On Jan 13, 2016 |
Trading activities in the equity segment of the Nigerian Stock Exchange, NSE, plummeted on Tuesday, January 12 when investors flooded market with supply as stocks tumbled further. Market capitalization which opened at N9.062 trillion slid by N108 billion to close at N8.954 trillion. The NSE All Share Index depreciated by 1.20 per cent to close at 26,034.93 basis points, compared with the 2.51 per cent depreciation recorded previously. Market breadth closed negative as May & Baker led 9 gainers against 31 losers topped by FBN Holdings at the end of the trading session which was an improved performance when compared with previous outlook. Market turnover closed positive as volume moved up 74.87 per cent against 48.80 per cent decline recorded in the previous session. Guaranty Trust Bank, FBN Holdings and UBA were the most active to boost market turnover. 7-Up Bottling Company and Guaranty Trust Bank top market value list. Top on gainers’ log was Portland Paints Plc with a gain of N0.19 kobo to close at N4.13 kobo, followed by Eterna Plc with N0.08 kobo to close at N1.69 kobo, Access Bank Plc with N0.05 kobo to close at N4.60 kobo per share, and May & Baker Plc with a gain of N0.05 kobo to close at N1.05 kobo per share. On the other hand P. Z. Plc topped losers chart with N1.08 kobo to close at N21.13 kobo, Ashaka Cement Plc with N0.96 kobo to close at N24.24 kobo per share, Cadbury Nigeria Plc with N0.81 kobo to close at N15.49 kobo and Guaranty Trust Bank Plc with N0.65 kobo loss to close at N17.25 kobo per share. http://www.financialwatchngr.com/2016/01/12/apply-cbn-agricultural-loan-2016/ |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by dunkem21(m): 8:53am On Jan 13, 2016 |
Lalasticlala 1 Like |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by merbenko: 9:06am On Jan 13, 2016 |
So bad for my country 4 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by drss(m): 9:09am On Jan 13, 2016 |
effects of buari's body odor. 27 Likes 1 Share |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by sandrajazmin(f): 11:47am On Jan 13, 2016 |
Kk 1 Like |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by bluaero(m): 11:48am On Jan 13, 2016 |
Wow...meanwhile dollar racing to N500. I dey come make i go come back. 4 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by oloyedayo(m): 11:48am On Jan 13, 2016 |
Nigeria!!! These need to be looked into, adequate measure is needed to be put in place to prevent further loss. God will help our leaders to guide us right. |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Benjom(m): 11:48am On Jan 13, 2016 |
That's on the high side. I know what we're experiencing in this nation is a means to an end... and I believe that end will definitely be a good one. 2 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by DirtyGold: 11:49am On Jan 13, 2016 |
Sad. It shall be well soon Boom and bust cycle. |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by kennyman2000(m): 11:49am On Jan 13, 2016 |
Hmmmmm.. Its well! Check my signature for ur customised wristband |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by tobillionaire(m): 11:49am On Jan 13, 2016 |
Naija... Which way |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by ghostmist: 11:50am On Jan 13, 2016 |
e never dey fall...''chanji'' is happening there. 9 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by joystickextend1(m): 11:51am On Jan 13, 2016 |
too bad |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Dapromzy333(m): 11:51am On Jan 13, 2016 |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by tno4real(m): 11:51am On Jan 13, 2016 |
Tell me u are joking |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Montaque(m): 11:52am On Jan 13, 2016 |
The economy is looking like Pmb's albatross. The best APC fans can do is to shop for an experienced economist for baba. Buharinomics isn't working, it never worked. 26 Likes 2 Shares |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by chesterlee(m): 11:54am On Jan 13, 2016 |
Seems the Kemi Adeosun lady is not up to the task... Buhari should reshuffle the economic team, this is becoming embarrassing. 18 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by ajebuter(f): 11:55am On Jan 13, 2016 |
#BlameGEJ#....Lie Muhammed 11 Likes 1 Share |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by WebSurfer(m): 11:57am On Jan 13, 2016 |
I will not say all, but most of them affected can cry me a river.. Tell us how you got the money invested first and we'll see if you really had knowledge of what you were doing from the begining. |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by emi14: 11:59am On Jan 13, 2016 |
Very few comments. Where are nairaland commentators?. This is not Davido , buhari and dasukigate post. This demands professional insights before altering a word. Are you sleeping or could it be eyes right. Hahaha ok. Your at work. Let's believe so. Amen. 14 Likes 1 Share |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Skywalker5(m): 12:00pm On Jan 13, 2016 |
The oil problem is getting worse for Naija 1 Like |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by CELEBOLOFOFO(f): 12:00pm On Jan 13, 2016 |
naira and the economy are like PMB's scrotum, both are always falling Quote me and die tomorrow 14 Likes 4 Shares |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by AllBusiness(m): 12:05pm On Jan 13, 2016 |
[size=30pt]Told you before, don't invest in stock. #TeamPROPERTIES [/size] |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by ishiamu(m): 12:06pm On Jan 13, 2016 |
Let me drop a lyrics from a song by asa... *fire on the mountain* dedicated to the lying liars.... There is fire on the mountain And nobody seems to be on the run Oh there is fire on the mountain top And no one is running One day the river will over flow And there'll be nowhere for us to go And we will run, run Wishing we had put out the fire 1 Like |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by WebSurfer(m): 12:06pm On Jan 13, 2016 |
chesterlee:a typical example of children of hate.. They always try to hold someone responsible 1 Like |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by sunnico(m): 12:09pm On Jan 13, 2016 |
Hi Stock experts in the house can u please throw more light on this news, I mean what effect does this have on a person who has shares with lets say First Bank...?? |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by DirtyGold: 12:11pm On Jan 13, 2016 |
chesterlee:She has not really proven her mettle but as it is now, the economy and the country don't have the luxury of time. 11 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Nobody: 12:16pm On Jan 13, 2016 |
Montaque: A new economist would do what we are doing right now....hold off devaluation until either oil prices rise(as in 2008/9) , or devalue. 1 Like |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Dcaliphate(m): 12:25pm On Jan 13, 2016 |
When the money was flowing in I had no idea, now that its lost i domt think i should give a rat's behind about it. |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by Reference(m): 12:28pm On Jan 13, 2016 |
Oh well....even foreign buyers are holding out for my exports believing 1 dollar could get N500 by year's end and they could buy me and my services for a pack of cigarettes. Even if all the money all the life blood is recovered from Dasuki will 2 billion dollars raise the dead. By 1985 when the man was ejected the economy was in far worse shape than the hey days of the Shagari 'squandermania' regime. Seems we learn little from history. That when your house is on fire you rescue your belongings and put out the fire AT THE SAME TIME. One calendar year approaches. May corruption not find a tag-team partner in disgruntled, disillusioned, discouraged Nigerians just as IBB did....in 1985. 11 Likes 2 Shares |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by appini: 12:36pm On Jan 13, 2016 |
Buhari is operating a one chance economy. 11 Likes |
Re: Stock Market Shareholders Lose N108billion To Forex Suspension by anonimi: 12:44pm On Jan 13, 2016 |
Montaque: We reminded! We warned!! Many did not listen!!! www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306 www.nairaland.com/attachments/2200220_buharitimes_jpeg7f7af5477cac38029a73c90597c94226 8 Likes 4 Shares |
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