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LequteMan
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Nigeria's share index on Monday lost 3.14 percent, it's straight loss for the 9th day.
This is the lowest point of the share index since July 2012, with fund managers jittery over the central bank's inability to provide dollars for investors exiting the market, traders said.
The share index, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, slid below the psychologically important 23,000 points line to a level last seen on July 12, 2012.
The sell-off in stocks apparently was prompted by talk that foreign exchange auctions for offshore investors would now be held weekly, analysts said.
Reuters
This is the lowest point of the share index since July 2012, with fund managers jittery over the central bank's inability to provide dollars for investors exiting the market, traders said.
The share index, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, slid below the psychologically important 23,000 points line to a level last seen on July 12, 2012.
The sell-off in stocks apparently was prompted by talk that foreign exchange auctions for offshore investors would now be held weekly, analysts said.
Reuters
