On outlook, GTI Securities Limited said: “the Nigerian equity market maintains bearish trend to close for the week as investors continue to trade cautiously. The conclusion in MPC meeting will be pivotal for next week’s market trend.”
As a result of the sustained lacklustre performance on the local bourse, the benchmark index posted another decline by 2.08 per cent week on week to 51,893.94 points amid sell pressure in some of the small, mid and large cap stocks. Also, the market capitalisation shed N601 billion week on week to N28.268 trillion.
On the other side, Consolidated Hallmark Insurance led the decliners table by 13.64 per cent to close at 57 kobo, per share. Neimeth International Pharmaceuticals followed with a loss of 10.34 per cent to close at N1.30, while May & Baker Nigeria declined by 10.00 per cent to close at N4.05, per share.