Stock investors lose N24bn as lending rate rises

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The Nigerian stock market on Tuesday reacted sharply to the hike in interest rate as market capitalisation swiftly fell against the gain recorded on Monday. As a result, stock investors lost N24bn as they sold off Geregu Power Plc and 13 others. The All-Share Index dipped by 45.14 absolute points, representing a decline of 0.09


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source https://punchng.com/stock-investors-lose-n24bn-as-lending-rate-rises/

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