Transactions on the equities sector of the Nigerian Exchange Limited reopened on a downturn yesterday, as market capitalisation depreciated by N304 billion, amid losses in banks stocks.Transactions on the equities sector of the Nigerian Exchange Limited reopened on a downturn yesterday, as market capitalisation depreciated by N304 billion, amid losses in banks stocks.
On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage, said: “No banking stock formed part of today’s gainers, as sentiment remain negative in the sector post-recapitalisation announcement. We expect another caution trading session tomorrow . On the sectoral index, two indices lost while the oil&gas, Consumer and Industrial indices closed flat. The banking index declined by 3.8 per cent due to price depreciation in GTCO , UBA, and Zenith Bank, . Similarly, sell off on AIICO , Mansard and Veritas Kapital , dragged the insurance index by 0.5 per cent.Before flagging, please keep in mind that Disqus does not moderate communities.
Tokyo stocks closed lower Monday after Iran's unprecedented missile and drone strikes on Israel raised fears of wider conflict in the Middle East. The Secretary General of the International Maritime Organisation , Arsenio Dominguez, has congratulated the Director General of the Nigerian Maritime Administration and Safety Agency , Dr. Dayo Mobereola on his appointment by President Bola Ahmed Tinubu.
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