NSE market indicators open trading with 0.17% loss

The Nigerian equities market commenced trading for the week on Monday on a negative sentiment with the indices dropping by 0.17 per cent.Specifically, the All-Share Index lost 48.41 points, indicating a decrease of 0.17 per cent to close at 27,650.28 points.

Analysts at Afrinvest Limited said: “We maintain our bearish stance for the market, although the current low prices of stocks pose opportunities for bargain hunting.” NPF Microfinance Bank lost 9.60 per cent to close at N1.13, while UACN shed 9.49 per cent to close at N7.15 per share. This was in contrast with a turnover of 177.57 million shares worth N5.92 billion achieved in 3,484 deals on Friday.

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