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Nigerian Equity Markets | 9 Sep 2015: Market Tumbles on JPMorgan’s Notification…NSE ASI Losses 2.9%
Lagos, Nigeria, Capital Markets in Africa — The Nigerian Bourse halted 3 consecutive days of gains as the Benchmark Index –All Share Index (ASI)- succumbed to heavy sell offs in the market, slumping 2.9% to close for the day at 29,454. 09points. We believe trading activities today were largely driven by panic in the market due to JP Morgan’s announcement to begin the de-listing of Nigerian Government Bonds from its emerging markets bond Index (GBI-EM) by…
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