News Formal

Nigerian stocks extend slide as profit-taking deepens

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The market appears to have entered correction territory after shedding 0.22 per cent last week.

fell for the second trading day in a row on Monday as the main equity index shed 0.13 per cent after sell-off in a number of mid-cap equities.

Trade volume depleted by as much as two-fifths but turnover saw a slight improvement, increasing by 10 per cent. “We anticipate continued market interest in the domestic equities space despite ongoing profit-taking,” analysts at broker and investment firmMarket breadth, which measures the level of investors’ sentiment towards trade, was negative as 24 laggards were reported compared to 22 gainers.

McNichols went up by 9.86 per cent to N2.34. Academy rose to N1.35, notching up 9.76 per cent in the process. NPF MFB completed the top 5, climbing up 8.02 per cent to N2.02Presco topped the losers’ chart, declining by 10 per cent to close at N180. Global Spectrum shed 9.97 per cent to end trade at N3.07. Neimeth fell to N1.59, losing 9.66 per cent in the process. Prestige slumped to N0.38, recording 9.52 per cent depreciation. UACN closed at N13.20, going down by 8.33 per cent.A total of 263.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Experts urge investors to expand portfolio via high-value stocks | The Guardian Nigeria News - Nigeria and World NewsStock market investors have been urged to increase their participation in the market by identifying and patronising stocks of companies with intrinsic value especially at this dividend season.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

UK supports NCRIB to grow African insurance market | The Guardian Nigeria News - Nigeria and World NewsThe Nigerian High Commission in the United Kingdom (UK) has expressed support for the Nigerian Council of Registered Insurance Brokers (NCRIB) by facilitating exposure of their services. There's no problem without a solution,are u suffering from Diabetes or you know someone who is suffering from Diabetes?There's good news for them today,with my powerful Herbal mixture,I can cure Diabetes in less than two weeks,that weakness,weak erection nd half blindness will go
Source: GuardianNigeria - 🏆 1. / 94 Read more »