Nigeria: Investors' Wealth Dip On Profit Taking

18 December 2012

Transactions on the floor of the Nigerian Stock Exchange (NSE) yesterday recorded a major shift to negative trajectory since the announcement of the bail out package and tax relief by the federal government.

The development which led to a loss of N62 billion in market capitalisation according to market analysts was because by investors were leveraging on the market situation to take profit after many days of an upward trend.

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