Cordros Securities Limited said: “in the short term, we anticipate cautious trading in the local stock market due to the absence of significant positive catalysts to boost sentiments.
Thus, the All-Share Index dipped by 0.11 per cent week-on-week to close at 67,324.59 points. Similarly, market capitalisation shed N39 billion W-o-W to close at N36.847 trillion. However, market breadth for the week was positive as 48 equities appreciated in price, 40 equities depreciated in price, while 67 equities remained unchanged. SUNU Assurances led the gainers table by 32.91 per cent to close at N1.05, per share. Ellah Lakes followed with a gain of 28.79 per cent to close at N4.25, while e-Tranzact International went up by 28.57 per cent to close to N9.45, per share.
Overall, a total turnover of 3.911 billion shares worth N30.379 billion in 38,536 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 2.933 billion shares valued at N47.449 billion that exchanged hands previous week in 44,654 deals.