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Nigeria stock market indices slump further by 0.45 per cent

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Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent.

Specifically, the market capitalisation lost N59 billion or 0.45 per cent to close at N13.078 trillion against N13.137 trillion.

Analysts at the United Capital Plc, expressed optimism that the market would maintain mixed performing. Seplat followed with a decline of 6.85 per cent to close at N517, while Cadbury dipped 5.74 per cent to close at N9.85 per share.Caverton dropped 5.38 per cent to close at N2.46, while Oando declined by 2.70 per cent to close at N3.60 per share.

Wema Bank rose by 8.62 per cent to close at 63k, while UACN appreciated by 8.40 per cent to close at N7.10 per share.

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