you are currently viewing::Nigeria: Stock Investors Gain N619bn in May Despite Rates HikeJune 3, 2024--Analysts expect bearish outlook in June
This is a sharp contrast from the previous month when the market declined by 6.16 percent after losing more than N3.5 trillion in value following a 200 basis points increase in the monetary policy rate, MPR, to 24.75 percent by the central bank. This had resulted in migration of assets to the fixed income market. Source: allafrica.com/ |
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