Sell-offs in bellwethers pull market indices, shed N103b | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 94%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Following sell-offs in high cap stocks, transactions on the Nigerian Stock Exchange, continued southward yesterday, resulting to a further decline in market capitalisation by N103 billion. Nigeria NSE

Also, the All Share Index fell by 210.98 points or 0.79 per cent to 26,598.94 points. Accordingly, investors lost N103 billion in value as market capitalisation declined to N12.948 trillion.

But he expects the mixed trend and patterns to reduce selloffs, as bargain hunters take advantage of the pull-back to position ahead of quarterly scorecards, especially now that the NSE-ASI recently tested a new low and rebounded same day, a good sign of imminent reversal if supported by positive sentiments, while the interplay of market forces determine direction.

 

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:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines