High Volume Sell-Off in Nigeria ETF
June 15, 2016 at 16:00 PM EDT
The Nigeria country-specific exchange traded fund plunged Wednesday after the Nigerian central bank abandoned its currency peg, which many blamed for the weakened economy. The Global X Nigeria Index ETF (NYSArca: NGE) declined 12.2% Wednesday on a surge in volume of 1.3 million shares, compared to...