Stocks shed N869bn in one week on interest rate hike
The total market value of Nigerian stocks fell by about N869 billion last week as investors continued to sell off their equity exposures while shifting to higher-yielding risk-free assets. The renewed stock market rout comes on the heels of the Monetary Policy Committee’s decision on July 19 to increase the Monetary Policy Rate (MPR) by read more Stocks shed N869bn in one week on interest rate hike
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