Rising interests in fixed income assets spell doom for equities

interests in fixed income

Rising interests in fixed income assets spell doom for equities   Rising rate of fixed income assets yields is casting a shadow of doom on local equities market in Nigeria and this teamed up with profit-taking strengthen bear’s grip of the market last week. Through the five trading days of the week, investors were busy offloading some stocks to seek improved yield in the fixed income market and divert funds also into the cryptocurrency market, according to experts. Consequently the NSE All-Share Index (ASI) and market capitalization depreciated by 1.66…

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