Trading on the Nigerian Stock Exchange (NSE) continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark.

NAN reports that the market capitalisation for last trading day in February shed N196 billion despite the N16 dividend declared by Dangote Cement.

Specifically, the market capitalisation shed N196 billion or 1.63 per cent to close at N11.828 trillion compared with N12.024 trillion achieved on Wednesday.

In the same vein, the All Share Index lost 525.54 points to close at 31,728.70 when compared with 32,244.24 recorded on Wednesday.

Ambrose Omordion, a market analyst, attributed the development to investors disappointment over the outcome of the elections.

Omordion told NAN that smart investors that took a position earlier in the market ahead of the presidential election and earnings seasons were disappointed.

He said that apart from the outcome of the elections, everything was against the stock market ranging from delayed budget, expiration of the tenure of Central Bank of Nigeria (CBN) governor by June.

“The only factor for the stock market now is this earnings season, because nothing will happen between now and May 29,” Omordion said.

Omordion said that the trend might likely continue unless there was a change in economic policies and reforms by the president.

He, however, called on investors to target pension funds stocks that were consistent in dividend payment in the last four years.

NAN reports that some blue chips dominated the losers’ table and this was led by Nestle having lost N30 to close at N1,470 per share.

Nigerian Breweries trailed with a loss of N3.70 to close at N79.50, while Guaranty Trust Bank declined by N2.60 to close at N35.35 per share.

Stanbic IBTC depreciated by N2.05 to close at N46.25, while Dangote Flour Nigeria was down by N1.05 to close at N10.90 per share.

On the other hand, Dangote Cement having declared N16 dividend for 2018 financial year led the gainers’ table with N3.80 to close at N195.30 per share.

GlaxoSmithKline followed with a gain of 35k to close at N12, while UAC Property gained 9k to close at N1.91 per share.

Union Bank of Nigeria added 5k to close at N7, while Live Stock also increased by 5k to close at 60k per share.


https://www.thecable.ng/election-outcome-nse-market-capitalisation-decreases-further-by-n196bn/amp

I am begging this people to bring back their money to prevent things from getting more nastier?


Lalasticlala, what do you think?

For ball

henritinecy:
B

Lk

[video] END TIME!! Nigerian Girl Flaunt Her Nipple On Camera


https://pulsenaija.com.ng/videos/video-end-time-nigerian-girl-flaunt-her-nipple-on-camera/

ok oo.
hope investor;s confidence would be restored soon?

who wants to invest in uncertainty and unfavorable condition?

According to Zomb.ies, the investors are PDP corrupt agent

Next level to abyss and next level of blame game . Atiku is the cause for using all the dollars in the market for campaign and now no dollars again.

Next level noni

And the Chimpanzeeee Oshio-ole was shouting “they should go” yesterday. well, them don the go one by one.

No be next level? We die here. 200 freaking billion naira in one week.

We don't need this right now.. Can't we all be reasonable and make Nigeria a better place

the Naira is going down. PWC was right

So e wan start so early. Anyway, we are Nigerians. We survive anything

Giovanni2332:
Next level to abyss and next level of blame game . Atiku is the cause for using all the dollars in the market for campaign and now no dollars again.

I get the Joke

We all die here or live here together

pharoah7:
We don't need this right now.. Can't we all be reasonable and make Nigeria a better place

Unfortunately, this means nothing to the aboki's in Kano.

Body odour of old sheriff in town.

fergie001:
I am begging this people to bring back their money to prevent things from getting more nastier?


Lalasticlala, what do you think?

The illiterates that voted Buhary don't buy shares.

God will make his children immune to nonsense.

Next Level don start already

Yes, Yes! The thieves are running away with their loot. Soon there would be no more thieves in Nigeria, only honest nigerians.


Sai Baba!
Next Level

Great
Sai Baba to next level hunger. We die here.

Sadly.... This is a clear indication that the pmb led government is rejected by true players and stakeholders in the economic-sphere of our nation...

TheEminentLaity:
Yes, Yes! The thieves are running away with their loot. Soon there would be no more thieves in Nigeria, only honest nigerians.


Sai Baba!
Next Level

For say you near me I for sound you ehn!
I know na play sha.

pharoah7:
We don't need this right now.. Can't we all be reasonable and make Nigeria a better place

Forget Nigeria. The way things go l don't dream of a better Nigeria. Am working hard to train my kid and send them out of these country.
Am not a prophet of doom but l see reality on ground.

Naughtysite:


The illiterates that voted Buhary don't buy shares.

God will make his children immune to nonsense.

I pray God to help us otherwise na "market" we buy soooo..

Naughtysite:


The illiterates that voted Buhary don't buy shares.

God will make his children immune to nonsense.

That is the prayer.

the face of high net-worth/foreign investors when buhari/APC was announced as winner of the presidential polls.....


i will invest my 10kobo when the market CAP DROPS BELOW N5 trillion mark. by that time the top bank stocks would be selling at 2-5naira range. Next level pls

Next level.

3

You are more valuable than many sparrows


-JESUS.

TheEminentLaity:
Yes, Yes! The thieves are running away with their loot. Soon there would be no more thieves in Nigeria, only honest nigerians.


Sai Baba!
Next Level

TheEminentLaity:
Yes, Yes! The thieves are running away with their loot. Soon there would be no more thieves in Nigeria, only honest nigerians.


Sai Baba!
Next Level

Is there anything like an honest Nigerian ?