Oct 5 (Lagos) - The all stock index closed higher by 0.05% after the Independence day holiday. Banking stocks saw high volumes as GTCO and
ZENITHBANK led the gainers on the day.
World stock markets sold off sharply and bitcoin is rising near the $50,000 mark at the time of writing this article.
The risk of government breaking the debt ceiling in the US is increasing anxiety levels as the President of US warned of a comet heading towards the economy if new bills with more borrowings stalls in the senate.
China stocks continue to bear the brunt of the wrath of US investors who have been selling across the board with no differentiation between great companies and good companies.
September was a disappointing month as usual and October is looking like a melting pot of bad news at the moment. Things can change quickly so don't blink.
reporting for easykobo.com on Tuesday, Oct 5 2021 from Lagos, Nigeria