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Nigerian Equities Lose ₦‎671 Billion - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Nigerian Equities Lose ₦‎671 Billion (653 Views)

Dial *671# To Open Momo Wallet As MTN Payment Bank Begins Operations / Nigerian Equities Lose N467b Friday As Panic Selling Persists / Nigerian Equities Hit All-time N15.78tr High (2) (3) (4)

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Re: Nigerian Equities Lose ₦‎671 Billion by budaatum: 12:14pm On Jul 06, 2023
basilo102:

Why are people cashing out instead of trading again with their profit? Hunger I guess

There is a time to sow and there is a time to reap and they are usually not the same time.
Re: Nigerian Equities Lose ₦‎671 Billion by budaatum: 12:26pm On Jul 06, 2023
RenaissanceGuy:
It's called profit taking, happens all over the world. If you'd a plot of land whose value increases from ₦1m to ₦15m, wouldn't you sell it and go look for another cheaper plot(s) to buy, to continue to make more and more profits??

Not everyone would. Some would sit on the "plot of land whose value increases from ₦1m to ₦15m" expecting and hoping it's value increases to ₦150m, and some might have built on it and some might farm it and some might lose it and so on and so on and so on and so on.

"Different different peoples na in de", na Fela talk.


https://www.youtube.com/watch?v=mlxpv8ZlVJw

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