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Jpmorgan: Investors Lose N311bn In 24 Hours - Investment (2) - Nairaland

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Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Billygee2u: 7:42am On Sep 10, 2015
haaaheee
Re: Jpmorgan: Investors Lose N311bn In 24 Hours by bonechamberlain(m): 7:42am On Sep 10, 2015
the change ( worst) is yet to come. this is Nigeria were the educated are ruled and the illiterates are rulers.

16 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by kenedy175(m): 7:42am On Sep 10, 2015
Buhari's body language

11 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by imsuboi(m): 7:42am On Sep 10, 2015
Chanji is here!



This is what you get when you vote an illiterate cattle herder as your president.
History is repeating itself.

When the chanji crew is done with this joke called nigeria, y'all apc monkeys would be begging for sudan visa.

grin cheesy cheesy

18 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by absoluteSuccess: 7:42am On Sep 10, 2015
We are sitting upon revolution that will decide the fate of this country, the true change is about to come. We shall survive it, and a vibrant nation fearful in victory will arise from the ashes of depression. Babylon will not mock us forever. The LORD has spoken

4 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by MissNairaland1: 7:45am On Sep 10, 2015
i love Buhari

3 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Nobody: 7:47am On Sep 10, 2015
Damn, you sound like an illiterate air head. I'm sure your parents ain't proud of you

Flets:
One of the most frustrating feelings ever is sharing the same country with illiterate air heads who contribute most by their combined decisions to the outcomes you have to live with.

In saner climes, Buhari should never have been on the ballot

We should never have allowed the numb skulls who were ready to accept NEPA bills in the place of required educational certificates for a presidential candidate with negative profiles.
Re: Jpmorgan: Investors Lose N311bn In 24 Hours by christinie(f): 7:47am On Sep 10, 2015
Is this the change they promised?

Where is the change they were chanting about?


The economy of our great country is sliding down south and these hypnotised e-rats are here defending Mr. Illiterate President aka dullardiho.



Are these e-rats for real or they are heavily bribed to fight these senseless fights?




NB: I don't care if e-rats come here to call me a hoe/bitch like they have been doing. They got no lines, all they do is to call you names they hear people call the females around them.

Idiatss!

18 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by adjoviomole(m): 7:48am On Sep 10, 2015
From the wailng association of nigeria (WAN)

I have said it before and will still say it. PDP was formed to wrestle power from the milltary,while APC is a formation of different individuals with different goals and desires formed to wrestle power from the PDP.

Still watching and waiting until buhari is a year+. Until then I comment my reserve

2 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by omenka(m): 7:49am On Sep 10, 2015
God bless Buhari. smiley

1 Like

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Idrismusty97(m): 7:49am On Sep 10, 2015
Flets:
One of the most frustrating feelings ever is sharing the same country with illiterate air heads who contribute most by their combined decisions to the outcomes you have to live with.

In saner climes, Buhari should never have been on the ballot

We should never have allowed the numb skulls who were ready to accept NEPA bills in the place of required educational certificates for a presidential candidate with negative profiles.
When would you start blowing up pipelines?
Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Kx: 7:50am On Sep 10, 2015
chukwudi44:
Buhari's body odour:performing wonders since 2015.I just hope this secondary school drop out does not finish off what is left of our economy

BraniacX:
$8billion worth of investment expected to leave by the end of october!!!!! shocked


Chissooooooooos!!!! shocked


This is what you get when an illiterate runs your economy angry

I hope many workers have saved enough money, because many corporate jobs will be the first to go..................after some daft sai chanter will say the Jp morgan de-listing has no effect on the common man

chukwudi44:

Bros Na God hand we de.The illiterate is already navigating the country, let's just hope things dosent get too bad!!!
Flets:
Trust me. .... Buhari doesn't give a hoot cos he doesn't understand.
Very terrible

So much for reading skills.
chukwudi44:

JPMorgan: Investors lose N311bn in 24 hours
[size=18pt]JP Morgan, however, placed Nigeria on what it called ‘Negative Index Watch’ in January this year [/size]and warned that currency controls introduced by the CBN were making bond market transactions too complex to meet its rules.
http://www.punchng.com/business/business-economy/jpmorgan-investors-lose-n311bn-in-24-hours/

We are a bit too quick to trade blames.
Was Buhari the president in January 2015 when this whole JP M stuff started?

6 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Okies27(m): 7:51am On Sep 10, 2015
chukwudi44:

JPMorgan: Investors lose N311bn in 24 hours

Investors in the equities segment of the Nigerian Stock Exchange recorded heavy losses as stocks plunged on Wednesday, a day after JP Morgan said it would remove Nigeria from its government bond index.

A sell-off in the stock market, triggered by the move, saw the market capitalisation of the listed equities fall by N311bn or 2.98 per cent from N10.439tn to N10.128tn, while the NSE All-Share Index declined by 904.78 basis points (2.98 per cent) to 29,454.09 basis points.

Wednesday’s losses virtually erased the N331bn gain made by equities in the last three trading sessions.

The decision by United States-based lender, JP Morgan, to phase Nigeria out of its Government Bond Index by the end of September, comes amid uncertainty about Nigeria’s economy, which has held investors – especially foreign portfolio investors – back, leaving the capital market struggling.

Financial analysts believe the decision, which the lender based on lack of liquidity and transparency in the nation’s foreign exchange market, would lead to significant outflows from the capital market and that it is responsible for Wednesday’s sell-off in the equities market.

The Head, Equity Research, FBN Capital Limited, Mr. Olubunmi Asaolu, explained in a telephone interview that while the index in question was a fixed income (bond) index, the move by JP Morgan sent warning signals to investors.

He said that while investors tracking the index were unlikely to move their funds until the country was actually removed from the index, investors in equities were unlikely to wait.

The implication in the equities market, he said, “is that if JP Morgan feels that the Nigeria forex market is not liquid enough for them, that is a bit worrying to other people who have to change their dollars to naira first to buy things; the most obvious one is the equities market.”

He said although many might have seen the move coming, the announcement made it official and the risk more real to investors.

He added, “This means that if it is a little bit difficult to get my dollars from the CBN, and the CBN will tell you it is not that difficult, this decision makes a little more difficult potentially.”

As a result, he said people were not going to wait to find out if it was potentially true or not, stressing, “And that is why we are seeing this move on the equities market.”

Asaolu, however, said it was not likely that things would get to the point where foreign investors would be struggling to get their money out of Nigeria.

“We’ve not had any major problems with people selling their equities and struggling to get their money out; it has not really happened. But the investors do not wait to find out if that will happen,” he said.

Analysts at Renaissance Capital said, “On the flipside, we expect to see mark-to-market losses coming through for banks, particularly those with proportionately higher investments in bonds given the upward bias in yields.”

However, the CBN had said it rejected the decision by JP Morgan to delist Nigeria from the bond market.

In a joint statement by the CBN, Debt Management Office and Ministry of Finance, it said, “While we respect the right of the JP Morgan to make this decision, we would like to strongly disagree with the premise and conclusions upon which the decision rests.”

“Despite these positive outcomes, the JP Morgan would prefer that we remove this rule; even though it is obvious that doing so would lead to an indeterminate depreciation of the naira. With dwindling oil prices, we believe that an order-based two-way market best serves Nigeria’s interest at the moment.”

Meanwhile about N1.5tn ($8bn) in foreign portfolio investments is expected to leave Nigeria by the end of October this year when the American lender, JP Morgan, completes the process of delisting the Federal Government Bonds from its Global Bond Index-Emerging Markets, CBN’s documents have shown.

Nigeria became the second African country after South Africa to be listed on the JP Morgan’s emerging markets government bond index in October 2012.

This came after the CBN removed the restriction for foreign investors to hold government bonds for a minimum of one year before they could exit, among other policies that favour foreign investors.

The index (GBI-EM) has around $210bn in assets under management benchmarked to it. The benchmarking supports investor demand for the bonds on the index.

The index added Nigeria’s 2014, 2019, 2022 and 2024 bonds, giving the economy a weight of 1.8 per cent on the index.

JP Morgan, however, placed Nigeria on what it called ‘Negative Index Watch’ in January this year and warned that currency controls introduced by the CBN were making bond market transactions too complex to meet its rules.

http://www.punchng.com/business/business-economy/jpmorgan-investors-lose-n311bn-in-24-hours/
. JP Morgan sef...but Buhari visited u pple in the U.S nau..pls tamper justice with mercy bikonu n ignore his body language mantra

3 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Billygee2u: 7:52am On Sep 10, 2015
Flets:
One of the most frustrating feelings ever is sharing the same country with illiterate air heads who contribute most by their combined decisions to the outcomes you have to live with.

In saner climes, Buhari should never have been on the ballot

We should never have allowed the numb skulls who were ready to accept NEPA bills in the place of required educational certificates for a presidential candidate with negative profiles.
you made me remember Jegajaga's plot to install buhardullardinhoilliterateconman as president of the north

5 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Goldenheart(m): 7:53am On Sep 10, 2015
they call it stock exchange..... lipsrsealed
Re: Jpmorgan: Investors Lose N311bn In 24 Hours by warrior01: 7:54am On Sep 10, 2015
Kx:







So much for reading skills.


We are a bit too quick to trade blames.
Was Buhari the president in January 2015 when this whole JP M stuff started?


Why didn't he avert it since he was voted for the so called change mantra. If anything goes bad, blame it on Jonathan, if it's working, it's Buhari's body language. Bunch of clowns

33 Likes 4 Shares

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by oweman: 7:55am On Sep 10, 2015
chukwudi44:
Buhari's body odour:performing wonders since 2015.I just hope this secondary school drop out does not finish off what is left of our economy

Did you too watch Ngwoke yesterday night giving graphic account of what the jonathan gang of looters did to the economy its quite shameful all those happening under a suposed PhD holder even though in zoo business .

1 Like

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by omenka(m): 7:56am On Sep 10, 2015
Kx:







So much for reading skills.


We are a bit too quick to trade blames.
Was Buhari the president in January 2015 when this whole JP M stuff started?
You dey mind the fools. They've found a perfect bogeyman to blame all their sorrows on. cheesy

4 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Kalvan: 7:56am On Sep 10, 2015
omenka:
I'm inclined to think your life is so damn miserable.

4.00am when others are asleep, you are up like a mole rat looking for whom to blame for your misery.

At this rate, your state of well-being could only go south I guarantee you.

Your mates are busy taking up arms to fight for the actualisation of a Sovereign State of Biafra and you are here crawling on your belly like a cockroach, hoping to be spoonfed by Buhari. I bet had your mom stuck precisely to her prescription, the world would have been spared gargoyles like you.

When you go out today, get a rickshaw or something, make yourself useful to your father- it is regrettable enough even raising you- don't make him bleed any further.



grin

1 Like

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Jaideyone(m): 7:58am On Sep 10, 2015
BraniacX:
$8billion worth of investment expected to leave by the end of october!!!!! shocked


Chissooooooooos!!!! shocked


This is what you get when an illiterate runs your economy angry

I hope many workers have saved enough money, because many corporate jobs will be the first to go..................after some daft sai chanter will say the Jp morgan de-listing has no effect on the common man
ediot I hope you know the decision to delist Nigeria was made as far back as January when Jona was still president?
Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Kalvan: 7:58am On Sep 10, 2015
christinie:
Is this the change they promised?

Where is the change they were chanting about?


The economy of our great country is sliding down south and these hypnotised e-rats are here defending Mr. Illiterate President aka dullardiho.



Are these e-rats for real or they are heavily bribed to fight these senseless fights?




NB: I don't care if e-rats come here to call me a hoe/bitch like they have been doing. They got no lines, all they do is to call you names they hear people call the females around them.

Idiatss!

Shut up hoe.

1 Like 1 Share

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by omonnakoda: 8:00am On Sep 10, 2015
BraniacX:
$8billion worth of investment expected to leave by the end of october!!!!! shocked


Chissooooooooos!!!! shocked


This is what you get when an illiterate runs your economy angry

I hope many workers have saved enough money, because many corporate jobs will be the first to go..................after some daft sai chanter will say the Jp morgan de-listing has no effect on the common man

You are the illiterate ,really . Have you ever invested anything in your life? Do yo know what an investment is or how the stock market works or what is purpose is?

On that same day Trillions of dollars were lost on bourses around the world and the only variable you can home in on was JP Morgan's irrelevant tantrum
The Nasdaq with a Market Cap over $8 trillion lost 1.15% yesterday OVER $80 BILLION
Nigeria's stock market loses $1.5 billion and suddenly it id Armageddon.
The Nasday is worth more than half of the US economy and not every US stock is on the NASDAQ while our stock exchange by comparison is 13% of our economy. We cannot expose ourselves to what JP Morgan is demanding we are too small and too vulnerable . That offer is no different from the GAY business offer. If that is the only way we will get Western money then they better keep it. We will deal with China and others who understand us better not opportunistic "investors"
There was other "NEWS" yesterday economic data about growth in China and Japan was disappointing and scared the market. Both economies are slowing as is growth globally. The futures market ( which does not exist in Nigeria) is having a ball amidst all the uncertainty but the stock market is NOT the economy and has little to do with politics whether PDP or APC
Since when did politicians take credit for stock market performance.
People putting money in the stock market are not investors they are speculators.
Investors take a major holding in a company and when they do such deals are not done on the floor of the exchange. They install their people into the management and participate in the management and operations of the business. Dangote setting up a cement plant in ameroun is an INVESTMENT. A faceless "pump and dump" fund no matter how big is a vulture not an investor. What kind of investor removes $8 bilion from a business in one day? Certainly a speculator

10 Likes 2 Shares

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by christinie(f): 8:00am On Sep 10, 2015
That's the favourite word used in your house.
I understand.


Back to the topic: you are either bought or hypnotised. Q.E.D.
Kalvan:


Shut up hoe.

15 Likes 2 Shares

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by TippyTop(m): 8:00am On Sep 10, 2015
The funny thing about this omenka guy is, you will never see him criticizing Fulani people. Yet fulani kills his people a dozen a day. What a compound foool.

@topic.
The end of our economy is here.

24 Likes 3 Shares

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by adioolayi(m): 8:00am On Sep 10, 2015
Please someone should explain to me in clear terms...Because when this so called investors were gaining.... I'm not sure if I was benefiting because they haven't helped me to pay my bills in anyway..in fact premium motor spirit availability and unavailability affect me directly as a result of price hike in major commodities including transportation... Now that PMS is stable... Nothing seems affecting my bills.

So, someone knowledgeable enough should please tell me how a certain investors losing over #300 billion in 24hrs will affect me a commoner...Please I dey wait

4 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by AdeniyiA(m): 8:03am On Sep 10, 2015
Investors loosing, JP Morganing, stock marketing ... & other jargons up there have only spread poverty across the country, anyone who can't invest in Nigeria should get out!

We don't mind starting from the scratch to rebuild this country, it's fûcked up already ...


We only hear billions, trillions flying around everywhere whereas many are wallowing in abject poverty. angry

NIGERIA SHALL BE GREAT AGAIN

2 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Nobody: 8:04am On Sep 10, 2015
TippyTop:
The funny thing about this omenka guy is, you will never see him criticizing Fulani people. Yet fulani kills his people a dozen a day. What a compound foool.

@topic.
The end of our efonomy is here.
Me sef I tire for that slave!! The loyalty potion given to him is amazing

19 Likes 3 Shares

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by GenbIoodykiller: 8:04am On Sep 10, 2015
francizy:


This is the problem with sycophantic and hypocritical elements like you. Just like assassins'd never on this planet want anything bad to happen to their own but are quick to kill/waste others. The man you're insulting has not even said to Buhari half of what you said to Jonathan, including the dirty and worthless names you called Jonathan but yet, here you are foaming from the mouth.

If he fights for Biafra, it's understandable cuz he has something to fight for but for an idoma Muslim jhadist who cares less if all Tiv people (their closest neighbours/brothers) are wiped of the face of the earth, what are you fighting for? Is it the political appointment you got when APC won the election or the salaries you earn for supporting APC and forming patriotic?

If you know you cannot bear to watch your god criticized after hurling curses at the past president, better leave Nairaland for saner people to use.

Chai una wan scatter omenka the bastard son of a rabid dog

16 Likes 2 Shares

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Firefire(m): 8:05am On Sep 10, 2015
Too bad, Buhari do something or better resign NOW!

13 Likes

Re: Jpmorgan: Investors Lose N311bn In 24 Hours by adioolayi(m): 8:05am On Sep 10, 2015
omonnakoda:


You are the illiterate ,really . Have you ever invested anything in your life? Do yo know what an investment is or how the stock market works or what is purpose is?

On that same day Trillions of dollars were lost on bourses around the world and the only variable you can home in on was JP Morgan's irrelevant tantrum There was other "NEWS" yesterday economic data about growth in China and Japan was disappointing and scared the market. Both economies are slowing as is growth globally. The futures market ( which does not exist in Nigeria) is having a ball amidst all the uncertainty but the stock market is NOT the economy and has little to do with politics whether PDP or APC
Since when did politicians take credit for stock market performance.
People putting money in the stock market are not investors they are speculators.
Investors take a major holding in a company and when they do such deals are not done on the floor of the exchange. They install their people into the management and participate in the management and operations of the business. Dangote setting up a cement plant in ameroun is an INVESTMENT. A faceless "pump and dump" fund no matter how big is a vulture not an investor. What kind of investor removes $8 bilion from a business in one day? Certainly a speculator
I think I can pick something here..thanks. I'm just wondering that when the so called investors were gaining ..their performance no affect my bills..No they say they are losing ..what will be these effects on bills...I think you've answered me a bit...Non of my Business as a commoner..Right??
Re: Jpmorgan: Investors Lose N311bn In 24 Hours by Nobody: 8:06am On Sep 10, 2015
oweman:


Did you too watch Ngwoke yesterday night giving graphic account of what the jonathan gang of looters did to the economy its quite shameful all those happening under a suposed PhD holder even though in zoo business .
No matter what you say the economy was never this bad under GEJ !!! Even with the crashing oil prices, the naira never fell up to N200 to a dollar

15 Likes 2 Shares

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