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Nairaland Forum / Nairaland / General / Investment / Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day (17421 Views)
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Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Seun(m): 1:17pm On Jul 09, 2015 |
Nigerian stocks fell to a three-month low and the naira hit a new record low on the parallel market on Wednesday, as investors who were worried about a shortage of dollars on the currency market sold shares, traders said.http://businessdayonline.com/2015/07/stocks-fall-to-3-mth-low-as-naira-weakness-persists/ 1 Like 3 Shares
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Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Nobody: 1:17pm On Jul 09, 2015 |
FTC on Oga Seun's thread.I thought PMB said he will make 1$ to be 1 naira when elected instead the NSE keeps hitting a new low with the naira. I hope we've not been scammed big time. 30 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Williamso(m): 1:18pm On Jul 09, 2015 |
This is getting grave. Sad that Nigeria as a country has no definite economic policy... 2 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Abduletudaye(m): 1:21pm On Jul 09, 2015 |
This is serious... It is well... I Need A Job! 1 Like 1 Share |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by dejt4u(m): 1:21pm On Jul 09, 2015 |
Baba one chance 93 Likes 4 Shares |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by kliq(m): 1:24pm On Jul 09, 2015 |
Do people still invest in the Nigeria stock market Sold all shares 09' when the decline started as a result of the then global economic recession....it's pretty sad the story remains the same 1 Like |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by hahn(m): 1:25pm On Jul 09, 2015 |
Is there hope for Nigeria? Since 1960, prices in this country have only gone up, aside from prices for sim cards. There has never being a sector where prices came down, aside from GEJ's reduction of fuel pump price from N97-N87. I have a feeling the naira is still on a free fall. Something needs to be done before N1-1 Zimbabwean dollars 12 Likes 2 Shares |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:27pm On Jul 09, 2015 |
Make them devalue the damn thing jare It's pretty obvious they've stopped defending the currency with our foreign reserve hence the gain reported by the CBN Naira is junk anyways so no biggie 1 Like |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Precious91(m): 1:28pm On Jul 09, 2015 |
We need to start looking at workable economic policies 1 Like |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Firefire(m): 1:28pm On Jul 09, 2015 |
This is now getting out of hands, few days after PMB was sworn-in stocks prices went up. But now! USD is skyrocketing at the exchange desks Stocks is falling beyond threshold Power situation has not improved Cost of manufacturing in Nigeria is becoming too high, breaking-even and making margin require the manufacturers to increase selling price this has in turn put pressure on the disposable income of the consumers. We actually expected a real CHANGE! But at the moment the situation is terrible. 10 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by odinese(m): 1:28pm On Jul 09, 2015 |
Too bad smh |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by taofeeq137(m): 1:28pm On Jul 09, 2015 |
wow...nt good, if care is nt taken, we go dey compete with zimbabwean dollar o 6 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Pavore9: 1:28pm On Jul 09, 2015 |
We should focus on non-oil exports. 1 Like |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by morereb10: 1:29pm On Jul 09, 2015 |
ok |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Inception(m): 1:30pm On Jul 09, 2015 |
Na wa o! |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by kamez(m): 1:30pm On Jul 09, 2015 |
our president had f9 in mathematics, so those of u Hoping for change in our economy, are all day dreaming. the naira is just obeying newtons law of gravity. correct free fall.. 1$ = 1naira is pure "fallacy of ambiguity" and "future impossible tense 10 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by TechRev: 1:31pm On Jul 09, 2015 |
The zoo is falling faster than expected. 6 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by pat077: 1:31pm On Jul 09, 2015 |
Chai.... See as our naira dey fall like rain. 1 Like |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:31pm On Jul 09, 2015 |
dejt4u: Gerrarohere pvnk What has natural dynamics of economics got to do with voting pattern? The Naira was first devalued during his reign We started struggling with our ability to defend the Naira during his reign Our economic outlook already pointed towards unstable during his reign So why would any sane human continue on the same path hoping/praying for a change in fortune Oya go get a cake or something and run along 3 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Detayo7(m): 1:31pm On Jul 09, 2015 |
Am sure Buhari is working, but even Moses elected people to govern the Israelites with him, this is a direct consequence of not electing ministers |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by atlwireles: 1:32pm On Jul 09, 2015 |
Naira is bound to hit N300 to a dollar this year in the Parallel market |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Zico5(m): 1:32pm On Jul 09, 2015 |
IamDino:It is u that is scammed not we |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Megatone(m): 1:32pm On Jul 09, 2015 |
#BABAONECHANCE........ How market na? #1 - $1 Nigeria on Auto pilot since May 29....... SMH Go school, u no gree Appoint cabinet members, u no gree 1 man mopol In Buhari's voice " At 72 i cant do much" Worst of all is dat i can't even make out his speech (not audible).... guess he needs a translator.... Just saying...... 12 Likes 2 Shares |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by ucheokpara100(m): 1:32pm On Jul 09, 2015 |
nigerian's are just confused set of people, unserious bunch of dash, dash and dash. well zimbakwe economy loading............... |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by jaybee3(m): 1:34pm On Jul 09, 2015 |
Detayo7: No it's not. No amount of confidence as a direct result of appointment of ministers will help steady the ship. We need to re-invigorate our economy and stop relying on the black gold as it's simply the ONLY way out 2 Likes |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by samintegrity(m): 1:37pm On Jul 09, 2015 |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by adebayo201: 1:38pm On Jul 09, 2015 |
this thing must be affecting you too... as you join body enter here today @ Seun O. |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Dollyak(f): 1:38pm On Jul 09, 2015 |
The president isn't helping matters either. 1 Like |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by NJPot(m): 1:39pm On Jul 09, 2015 |
na wao |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by Firefire(m): 1:39pm On Jul 09, 2015 |
atlwireles: The name parallel market has been altered in recent time, CBN already closed all avenues to source dollars including RDAS etc. I presume the only available means of getting USD is through the parallel market, inter-bank is another tales.. |
Re: Weak Naira: Worried Investors Sell Shares For 6th Consecutive Day by 9jatatafo(m): 1:39pm On Jul 09, 2015 |
The rate naira is falling, I hope the naira don't discover oil. 7 Likes |
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