The Nigerian stock market has been very bearish(a period of price depreciation)
of recent, some stock analysts attribute this nightmare days to market correction
while others say it is as a result of the new law effected by the authorities of the Nigerian stock exchange towards price manipulation for which 6 quoted companies were accused of.

The new law states that every price depreciation or appreciation must be triggered by a transaction volume of at least 100,000 units of the company share before any price movement is initiated whether northward or southward.
The former law allows for at least 50,000 units of shares to trigger price change.

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