Flat trade, a market situation whereby the volume of shares investors are willing to buy is the same or almost at par with the volume traders want to sell, has haunted the market for a while, causing uncertainty about where stocks might be headed next.
“Outlook for the equities market is broadly dependent on three key things; Monetary Policy, Corporate Performance and Pre-election activities,” Ayorinde Akinloye, head of research at United Capital told PREMIUM TIMES. RT Briscoe rose to N0.37, notching up 8.82 per cent in the process. International Breweries completed the top 5, climbing up 7.41 per cent to N5.80.Cornerstone topped the losers’ chart, declining by 13.04 per cent to close at N0.60. Fidson shed 12.92 per cent to end trade at N10.45. Multiverse fell to N1.89, losing 10 per cent in the process.