CBN’s Interest Rate Hike Pushes Stock Market Down By 0.06%
The announcement by the Central Bank of Nigeria to increase the Monetary Policy Rate to 15.5% was reflected negatively in the local stock market on Tuesday.
Tag
The announcement by the Central Bank of Nigeria to increase the Monetary Policy Rate to 15.5% was reflected negatively in the local stock market on Tuesday.
The Nigerian equities market began the week in positive territory as investors raked in N87.76 billion on Monday.
Trading activities at the Nigerian Stock Exchange (NGX) Limited floor remained in negative territory last week with investors losing N240 billion.
The Nigeria Stock Exchange (NGX) Limited remained bearish on Thursday as investors recorded a N124 billion loss, OduNews reports.
The Nigeria Stock Exchange (NGX) Limited witnessed low trading volume on Wednesday resulting to investors losing N12 billion.
Trading on the floor of the Nigerian Stock Exchange (NGX) Limited went south on Monday resulting in investors losing N19 billion.
The local stock market index went down by 0.44% last week as investors' loss ran into two weeks, OduNews reports.
The Nigerian Stock Exchange Limited overcame the previous day's loss to close in the green zone as investors raked in N29 billion.
Trading at Customs Street, Marina, Lagos remained bearish on Wednesday with Investors recording a loss of N186.89 billion.
The Nigerian Stock Exchange (NGX) Limited remained bearish on Tuesday as the market capitalisation fell by N187 billion to close at N26.778 trillion as against Monday's N26.965 trillion.
The Nigerian Stock Exchange (NGX) Limited opened the week bearish as Investors recorded a N29.1 billion loss by the end of trading on Monday.
The Nigerian Stock Exchange (NGX) Limited remained bullish on Thursday as investors raked in N28.7 billion.
The Nigerian Stock Exchange (NGX) Limited went bullish on Wednesday as the trading indices went up by 0.39 per cent.
The Nigerian Stock Exchange (NGX) Limited declined by N3 billion from N26.797 trillion it closed on Friday to N26.794 trillion on Monday.
The Nigeria Stock Exchange (NGX) Limited recorded a 0.05% loss at the close of trading yesterday as investors continue to sell off their shares.
The Nigerian Stock Exchange (NGX) Limited recorded a 0.16% growth as the market capitalisation gained N43 billion to N26.812 trillion from N26.769 trillion.
The Nigerian Stock Exchange on Tuesday halted its bearish trend as it recorded renewed buying interests from investors which saw it record a 1.35% gain.
The Nigerian Stock market recorded a fall of 0.23% as investors rebalanced their portfolios by offloading equities in the consumer goods, banking and energy sectors.
The Nigerian Exchange limited recorded a 38.22% basis point loss in its stock market on Monday, OduNews reports.
Indian e-commerce giant Flipkart has raised another $3.6bn (£2.6bn) ahead of an expected stock market debut. The Walmart-backed company said...