Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours - Investment

Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours - Investment - Nairaland

Nairaland Forum › Nairaland General › Investment › Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours (46304 Views)

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Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by ChaleeBendel(op): 7:12pm On Feb 26, 2019

Buhari win has ruined the Nigerian stock market, they were expecting an Atiku victory. Atiku who is business friendly would have added to the stock market.
Next Level Hunger loading.

The market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll.
Specifically, the market capitalisation, which opened at N12.194 trillion, shed N85 billion or 0.69 per cent to close at N12.109 trillion.
Also, the All-Share Index lost 226.30 points or 0.69 per cent to close at 32,473.82, compared with 32,700.12 recorded on Monday.
Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the market pullback to profit taking embarked by some smart investors.
Mr Omordion said the smart money that pushed the market up with expectations that the opposition would win the presidential election were leaving the market.

He said some investors who entered the market in anticipation that the opposition economic policy and reforms would support market growth were taking profit ahead of earnings season.
“This pullback may not last as a result of 2019 dividend declaration season as dividend yield of financial service stocks are high and attractive due to low prices,” Mr Omordion stated.
Nestle dominated the losers’ chart, dropping by N70 to close at N1,510 per share.

https://www.premiumtimesng.com/business/316428-presidential-election-result-nigeria-stock-market-loses-n85bn-in-six-hours.html

https://www.youtube.com/watch?v=VUdbiorsq98

8 Likes 4 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Benlight: 7:14pm On Feb 26, 2019*

Next level has started o...... cry

448 Likes 32 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by ChaleeBendel(op): 7:15pm On Feb 26, 2019

Benlight:
Next level have started o......

Next level poverty has started already.
They're all selling their shares, 2019 recession on the horizon.

307 Likes 26 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by DMerciful(m): 7:16pm On Feb 26, 2019

Investors are disappointed. Illiterate population making deadly decisions!

465 Likes 38 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Timtim007(f): 7:17pm On Feb 26, 2019

Dunno if this is true..but this is the buhari effect..weldone nigerians..
This is definitely the begining of the next level...

321 Likes 27 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by ngadaAwo: 7:18pm On Feb 26, 2019

sai baba

44 Likes 2 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Kundagarten: 7:18pm On Feb 26, 2019

An Atiku win would have attracted N1trillion instead. This is what happens when zombies are allowed to vote.

347 Likes 28 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by NaijaRoyalty(m): 7:21pm On Feb 26, 2019

They've not even announced the final result stock exchange already losing money .

Buhari is a bad news to Nigeria

326 Likes 25 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by SanusiGworo: 7:22pm On Feb 26, 2019

By close of business tomorrow, we may not even have a stock market.
Thanks to zombies, the next level has just begun.

293 Likes 21 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by FarahAideed: 7:23pm On Feb 26, 2019

of course the rigging shocked investors

269 Likes 15 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by helinues: 7:24pm On Feb 26, 2019

Is expected. The stock market wont stable until after 3 months of election .

No investors want to invest in volatile environments.

See as how wailers are already blaming Buhari when it is infact your lord and saviors Atiku is the one scaring away investors by rejecting the outcomes of the election.

66 Likes 4 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by BuhariAdvocate: 7:26pm On Feb 26, 2019

Although its a fake news but notwithstanding let assume its real tell me how buhari responsible for it.

17 Likes 4 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Nobody: 7:26pm On Feb 26, 2019

NaijaRoyalty:
They've not even announced the final result stock exchange already losing money .

Buhari is a bad news to Nigeria

By the time they announce the result. An sure our oil buyers would reduced drastically. Now, we enter one chance next level.

118 Likes 6 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by HigherEd: 7:27pm On Feb 26, 2019

Lalasticlala

3 Likes

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by NaijaRoyalty(m): 7:29pm On Feb 26, 2019

slimany:
By the time they announce the result. An sure our oil buyers would reduced drastically. Now, we enter one chance next level.

I wonder what will be left of Nigeria after buhari second term

The economy of Nigeria is obviously in severe pains because of Buhari .

132 Likes 9 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by michlins(m): 7:31pm On Feb 26, 2019

See what these almajiri has caused us. Before you say you don't have stocks and not affected, remember that as a mechanic, Oga who lost most will not bring car to fix and so does the ripple effect go on

124 Likes 8 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by EdoBoyJazzie: 7:31pm On Feb 26, 2019

Imagine NDA carried out their threat to bomb oil installations if Buhari won.

Welcome to another bout of recession.

67 Likes 5 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by EdoBoyJazzie: 7:32pm On Feb 26, 2019

[s]

BuhariAdvocate:
Although its a fake news but notwithstanding let assume its real tell me how buhari responsible for it.

[/s]
Bros go to the children's section of Nairaland.

258 Likes 25 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Racoon(m): 7:33pm On Feb 26, 2019*

Guess this is the economy the Buhari government kept saying they have improved while they held sway? sad

71 Likes 3 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Guestlander: 7:34pm On Feb 26, 2019

They will come back, only a foolish investor will ignore a market like Nigeria. If any of them was waiting for the NNPC to be put on the auction block they will have to wait a little longer.

24 Likes 2 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by NaijaRoyalty(m): 7:34pm On Feb 26, 2019

Buhari failed both man and God in his first term , how he was able to rig his way back for second term surprised every sensible Nigerian .

122 Likes 11 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by horsepower101: 7:40pm On Feb 26, 2019

From frying pan to fire

44 Likes 3 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Horus(m): 7:43pm On Feb 26, 2019

https://www.youtube.com/watch?v=VUdbiorsq98

Nigeria Stock Market review for February 26, 2019

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Nobody: 8:06pm On Feb 26, 2019*

All the little inflows we had pre-election obviously was as a result of confidence in electing a better candidate.. it's fast draining now.

If they never trusted your financial policies in a first-term when you have something to loose, what do you expect when you have none?

48 Likes 2 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by BuhariAdvocate: 8:11pm On Feb 26, 2019

simple question you can't answer shame on you. I wonder why you guys always attribute all bad news to buhari. Hate will not kill you all.

EdoBoyJazzie:
[s][/s]
Bros go to the children's section of Nairaland.

17 Likes 2 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by Generalnomercy: 8:23pm On Feb 26, 2019

NEXT LEVEL OF HUNGER FOR THOSE WHO VOTED BUHARI

44 Likes 2 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by socialmediaman: 8:32pm On Feb 26, 2019

BuhariAdvocate:
Although its a fake news but notwithstanding let assume its real tell me how buhari responsible for it.

56 Likes 3 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by RTSC: 8:36pm On Feb 26, 2019

If na you, will you leave your money?

33 Likes 1 Share

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by twerkjack: 8:38pm On Feb 26, 2019

But what do U hope to gain by peddling fake news like this huh

Plotting and hoping for your own country’s downfall just because of political gains.......Aren’t u ashamed of yourself huh

14 Likes 3 Shares

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by NaijaRoyalty(m): 8:51pm On Feb 26, 2019

ChaleeBendel:
Buhari win has ruined the Nigerian stock market, they were expecting an Atiku victory. Atiku who is business friendly would have added to the stock market.
Next Level Hunger loading.

https://www.youtube.com/watch?v=VUdbiorsq98

Lalasticlala

2 Likes

Re: Election Result: Nigerian Stock Market Loses N85 Billion In 6 Hours by NaijaMutant(f): 10:00pm On Feb 26, 2019

Nigeria's days of gloom has started.

Brace up for the worst

28 Likes 2 Shares

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