The Nigerian Stock Exchange (NSE) opens the week tradings' on a  bearish note. The All Share-Index (ASI) declined by 1.26% to close at 28,484.44 basis points. Year-to-Date the ASI was down by 9.37%. 

The equity market capitalization closed at N10.701 trillion in contrast to N10.842 trillion recorded last week Friday. The market breadth closed with 11 gainers and 30 losers. Okomu Oil led the gainers' chart while NEM Insurance Plc led the top losers' chart. 

United Capital Plc was the most traded stock by volume. The stock sold 41.2 million units of its shares valued at N289.1 million. Guaranty Trust Bank was the most traded stock by volume. The company sold 37.9 million shares valued at N1.1 billion.

UBA sold 15.9 million units worth N96.8 million. Sterling Bank transacted 13 million units valued at N34.4 million. Transnational corporations of Nigeria ranked in 12.2 million units valued at N14.2 million.

Okomu Oil Palm Company Plc was the best-performed stock for the day. The stock appreciated by 10% to close at N77. Neimeth International Pharmaceuticals plc also appreciated by 10% to close at 55 Kobo.

AG Leventis Nigeria Plc was up by 8.33% to close at 26 Kobo. Africa Prudential Plc appreciated by 7.91% to close at N3.82. Japaul Oil completes the top five gainers for the day. The stock increased by 7.69% to close at 28 Kobo.

NEM Insurance Plc was the worst performed stock for the day. The stock shed 10% to close at N2.25. Chams Plc also depreciated by 10% to close at 36 Kobo. United Capital Plc was down by 9.37% to close at N2.32.

Goldlink Insurance Plc declined by 8.70% to close at 21 Kobo. Jaiz Bank Plc rounds up the top five losers chart. The stock went down by 8% to close at 46 Kobo. 

Source: : https://businesshournigeria.com/investors-lose-n…ontinues-tanking/.

Investors una better carry una bag and japa before una turn to alimajiri and start begging for food. You can come back when buhari has finished punishing Nigeria.

The funniest thing is zombies still believe buhari has turned Nigeria to paradise. What a fantasy world they live in.

Lol

With the cryptocurrency markets flying up

This news kinda sounds funny to me

Can't keep one kobo in Naija stocks

When better ways to earn bread

This our NSE that isn't up to half of the NYSC. We will get there sha.

nymphomaniac:
This our NSE that isn't up to half of the NYSC. We will get there sha.

Haba! Half is too much na. You should be talking 0ne tenth. Even crypto market cap is bigger than NSE.
I have seen over 30% gain in 1 week alone in crypto and NSE is there shiting its pants.

MyVc:
The Nigerian Stock Exchange (NSE) opens the week tradings' on a  bearish note. The All Share-Index (ASI) declined by 1.26% to close at 28,484.44 basis points. Year-to-Date the ASI was down by 9.37%.

Buhari was, is and always will be bad news for everything he comes in contact with- economy, insecurity, employment, education etc.
What should we say to those who knowingly packaged the shitty lifeless one for us in 2015 after we rejected him three times in 2003, 2007 and 2011

citizenisb:
Former President Olusegun Obasanjo says President Muhammadu Buhari may not do well in economy and foreign affairs, except in military matters.

“Buhari is not a very hot person on the economy and foreign affairs,” Obasanjo said.

The former President stated this on Monday at the third International Conference on African Development Issues — themed, “Driving inclusive and sustainable development in Africa: Models, methods and policies” — organised by Covenant University, Ota, Ogun State.

While reacting to a question posed to him by a member of the audience: “Is there any hope for Nigeria under the administration of President Muhammadu Buhari?”, Obasanjo replied, “Is there any hope for Nigeria under this administration? I came back from Geneva, Switzerland a few days ago to attend a conference titled, ‘Are elections giving democracy a bad name?’ We had an election, we elected a leader and the good thing about democracy is that the power you have to elect a leader is also the power you have to remove him. I am saying this because I said earlier that if you don’t see any leader that has done well in the 56 years of Nigeria’s independence, then let us forget about Nigeria.

“I will tell you what I know and I will tell you what I don’t know. I know Gen. Muhammadu Buhari. He served under me in the military. His characteristics that I know, his behaviour that I know, he has not deviated from them. He was never a perfect man, he is not a perfect man and no leader can ever be a perfect man because they are human beings. But if you read my book, what I said about him is correct. He is not a hot person when it comes to economy. He is not a very hot person when it comes to foreign affairs. But he will do well in matters of military and he will do well in fighting Boko Haram.”


http://www.punchng.com/buhari-not-sound-economy-foreign-affairs-obasanjo/

and one guy foresaw this on a thread sometime agi

I have no comments

One minute silence for the losing investors

More heart breaks ahead when next level is fully loaded

arsenalman:

Haba! Half is too much na. You should be talking 0ne tenth. Even crypto market cap is bigger than NSE.
I have seen over 30% gain in 1 week alone in crypto and NSE is there shiting its pants.

You can also see a 70% loss when the manipulators decide to sell.

I

Got


Something


More


Than


Nigeria Stock

Korllami007:
Investors una better carry una bag and japa before una turn to alimajiri and start begging for food. You can come back when buhari has finished punishing Nigeria.

The funniest thing is zombies still believe buhari has turned Nigeria to paradise. What a fantasy world they live in.

Some of them have seen the light, lol
When hunger wire them properly with joblessness


www.nairaland.com/attachments/4180477_1392483210143001453357818500537568220443822n_jpeg744fcdbcdbc4f5b147d46800faffe62b

Tanking indeed

Korllami007:
Investors una better carry una bag and japa before una turn to alimajiri and start begging for food. You can come back when buhari has finished punishing Nigeria.

The funniest thing is zombies still believe buhari has turned Nigeria to paradise. What a fantasy world they live in.

anonimi:


Some of them have seen the light, lol
When hunger wire them properly with joblessness


www.nairaland.com/attachments/4180477_1392483210143001453357818500537568220443822n_jpeg744fcdbcdbc4f5b147d46800faffe62b

Amuocha:
Tanking indeed

Hahaha

God airpus in this country, what investment can someone make with $50 dollars?

anonimi:


Buhari was, is and always will be bad news for everything he comes in contact with- economy, insecurity, employment, education etc.
What should we say to those who knowingly packaged the shitty lifeless one for us in 2015 after we rejected him three times in 2003, 2007 and 2011

[s]

Korllami007:
Investors una better carry una bag and japa before una turn to alimajiri and start begging for food. You can come back when buhari has finished punishing Nigeria.

The funniest thing is zombies still believe buhari has turned Nigeria to paradise. What a fantasy world they live in.

[/s]

Why can't u guys just shut up for once

maybachmusic:
Lol
With the cryptocurrency markets flying up
This news kinda sounds funny to me
Can't keep one kobo in Naija stocks
When better ways to earn bread

you are joking cryptocurrency market keeps dying everydAY

Buratai will also say it is defeated politicians that are tanking the stock market.

I'm certain that the dirty dog with ugly rat face in the picture below will blame Jonathan for this. That's how idiotic the fool is.

idreezbaba:

you are joking cryptocurrency market keeps dying everydAY

You clearly know nothing about cryptocurrency market. When did you check bitcoin value last?

Korllami007:
Investors una better carry una bag and japa before una turn to alimajiri and start begging for food. You can come back when buhari has finished punishing Nigeria.

The funniest thing is zombies still believe buhari has turned Nigeria to paradise. What a fantasy world they live in.

You mean zombified idiots like the disgraced dirty dog with the ugly rat face in the picture below?

expert234:


You clearly know nothing about cryptocurrency market. When did you check bitcoin value last?

You see??
thats the problem
bitcoin aint the only cryptocurrency bro

[s]

Korllami007:
Investors una better carry una bag and japa before una turn to alimajiri and start begging for food. You can come back when buhari has finished punishing Nigeria.

The funniest thing is zombies still believe buhari has turned Nigeria to paradise. What a fantasy world they live in.

[/s]

Buhari's bad luck is affecting stock market

Those who gave their votes to the economic terrorist do not care about NSE. Time for any reasonable investor to choose his/her "battles" wisely.

BTW, Okomu oil is one silent but big achiever in the oil palm industry.

Season of lamentation even the President is lamenting over poverty he caused.