fell by 0.6 per cent on Monday, their first in six days, as traders zeroed in on equities that had heaped up gains in recent times to take profit.
“We expect sentiments to remain soft and could support further profit taking, particularly if fixed income yields continue to surge in light of the MPR rate hike,” said analysts at United Capital in an outlook note seen by PREMIUM TIMES. , which measures investors’ sentiment to trade, was positive as 22 advanced in contrast to 21 losers.
Jaiz Bank added 8.97 per cent to end trade at N0.85. Livestock went up by 6.67 per cent to N1.60. Royal Exchange completed the top 5, climbing by 6.12 per cent to N1.04.Presco led losers, declining by 10 per cent to close at N162. Julius Berger shed 9.17 per cent to close at N26.25. UPL fell to N2.60, losing 8.77 per cent. FTN Cocoa slid to N0.32, recording 8.57 per cent depreciation. May & Baker closed at N4.01, going down by 7.60 per cent.Altogether, 227.