Stock market index sustains sliding profile by 0.2% | The Guardian Nigeria News - Nigeria and World News

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“Our outlook for equities in the short to medium term remains conservative, amidst absence of a positive catalyst.” Nigeria

Yesterday, the All Share Index shed 59.68 absolute points, representing a dip of 0.2 per cent to close at 29,609.00 points. Similarly, the market capitalisation shed N26 billion to close at N13.048 trillion.

Also, APT Securities and Funds Limited said: “We retain our cautious trading advice in the short run. However, accumulation of fundamentally justified and dividend paying stocks for mid to long term is recommended.” Nigerian Breweries went up by 6.90 per cent to close at N62, while Berger Paints appreciated by 6.72 per cent to close at N7.15, per share. On the other hand, Chams led the losers’ chart by 10 per cent, to close at 27 kobo, per share. Beta Glass followed with a decline of 9.97 per cent to close at N66.35, while CCNN went down by 9.77 to close at N12, per share.

However, the total volume traded up by 55.52 per cent to 394.063 million shares, worth N3.27 billion, and traded in 3,3777 deals.

 

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