The Nigerian equities market resumed trading for the week on Monday, closing with a decline of 0.22 per cent, ahead of Easter celebration.
The News Agency of Nigeria reports that performance was influenced by price depreciation in medium and large capitalised stocks. “Our outlook remains bearish, but we do not rule out bargain hunting toward the end of the week as witnessed last week.” Cadbury appreciated by 8.91 per cent to close at N11, while Consolidated Hallmark Insurance went up by 8.33 per cent to close at 26k per share.A.G. Leventis followed with a decline of 9.68 per cent to close at 28k, while Niger Insurance declined by 9.09 per cent to close at 20k per share.