All-Share Index Falls 0.45% as Equities Market Opens on Bearish Note - THISDAYLIVE

Trading at the stock market resumed for the new week on a bearish note as the Nigerian Stock Exchange All-Share Index fell by 0.45 per cent to close at 26,866.41. Similarly, the market capitalisation shed N58.9 billion to close at N13.1 trillion.

However, analysts at Cordros Capital had said while they expected the negative trading to persist through the final quarter of the year, they also expected some pockets of gains over the final months of the year as fund and portfolio managers realign portfolios prior to the start of 2020. Meanwhile, the price losers’ chart for yesterday was led by Cornerstone Insurance Plc with 10 per cent, trailed by Seplat with 6.8 per cent. Cadbury Nigeria Plc shed 5.7 per cent as investors appeared to be ignoring the impressive half year results posted by the company.

Profit before tax stood at N953 million compared with a loss of N424 million, while the company ended with a profit after tax of N669 million.

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.

Nigeria stock market indices slump further by 0.45 per centActivities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent. It's corruption
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigeria stock market indices slump further by 0.45%I didn't know that Nigeria have stock market 🤔 Please if you don't want to be unfortunate Don't put your hard earned money here ooooo. This guy's are more corrupt than Nigerian Politicians. mondaythoughts
Source: MobilePunch - 🏆 8. / 63 Read more »

Turnover in fixed income market up 41.9% on asset re-allocationNigeria News - TURNOVER in the fixed income and currency market has risen by 41.9 percent following re-allocation of funds from the equities
Source: vanguardngrnews - 🏆 5. / 75 Read more »