There still is no respite for the falling stocks on the NSE. This is in spite of all the litany of efforts made by the authorities at both the NSE, sec, CBN and other concerned government agencies. The stock market is still on a free fall and views from the closing prices suggest that the bleeding of prices continue unabated.
Experts still blame the 1% max drop of stock prices as the main snag causing multiple go-slows in the stock market. This is because the prices cannot fall as fast as they want it and this makes buyers to delay buying decisions since they know they can buy the stocks cheaper if they wait some few days more.
Others blame the foreign fund administrators for pulling their funds from our markets so suddenly (at least that was the explanation given by our own CBN Gov. C. Soludo.) if things continue like this, investor confidence will be hurt the more.
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