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Home Markets Currencies

DOOM AND GLOOM: Falling Naira and Oil Price Keeps Nigerian Stocks In The Red

Nairametrics by Nairametrics
November 5, 2014
in Currencies
DOOM AND GLOOM: Falling Naira and Oil Price Keeps Nigerian Stocks In The Red
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Nigerian All Share Index fell 2.3 pct to below 36,000 points as the falling naira and dip in global oil prices continued to drag equities down.

The exchange has now fallen consecutively for the past 10 sessions, with 52 stocks in the red out of the more than 200 stocks listed and only five posting gains.

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The rest, mostly illiquid stocks, were unchanged.

Reuters

Tags: All Share IndexNews ReviewNigerian stock marketNigerian StocksOil & Gasoil price
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 1

  1. Ogus says:
    November 5, 2014 at 5:35 pm

    another B L O O D Y Quarter

    Reply

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