The stock market segment of the Nigerian Exchange Limited depreciated by N158billion on its Week-on-Week performance in market capitalisation over investors profit-taking in Okouoil Plc, Accesscorp Plc, among others.
Consequently, the stock market Month-till-Date loss increased to negative two per cent, while the Year-till-Date gain moderated to 15.6per cent. According to analysts at Cordros Research, “We expect market performance to remain mixed in the coming week as investors rotate their portfolios towards stocks with attractive dividend yields, which could be matched by intermittent profit-taking activities.
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