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NSE: Market opens on bearish note, down 0.74 per cent

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The Nigerian equities market resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities.

Specifically, the All Share Index shed 204.68 points or 0.74 per cent to close at 27,574.32 against 27,779.000 achieved on Friday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Airtel Africa, Chemical and Allied Products , Cement Company of Northern Nigeria , Dangote Cement and Unilever Nigeria. “Nevertheless, we do not rule out the possibility of bargain hunting activities driving positive performance in subsequent sessions.”Advertisement

Conversely, Cornerstone Insurance recorded the highest price gain of 10 per cent, to close at 33k per share.

 

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