The All-Share Index shed 15.04 absolute points, representing a decline of 0.04 per cent to close at 34,121.78 points. Overall market capitalisation value fell by N8 billion to close at N17.830 trillion.
On the stock market outlook for this week, analysts at United Capital Plc said: “In all, we anticipate a rebound in domestic equities on the back of the persistent declines in fixed income yields as well as elevated financial system liquidity.”Sentiment, as measured by market breadth, was negative, as five stocks gained, relative to 46 losers. Airtel Africa recorded the highest price gain of five per cent to close at N525.00, per share.
Nestle Nigeria advanced 1.82 per cent to close at N1,400.00, and NEM Insurance appreciated 0.78 per cent to close at N2.60, per share. Oando followed with a decline of 9.97 per cent to close at N2.89, and Neimeth International Pharmaceuticals shed 9.96 per cent to close at N2.17, per share.
Where is MBuhari in all these? Why hasn't he come out to talk to the people? Why is he hiding within the walls of Aso Rock? It's he only good at shooting protesters and clamping down on social media users? A good leader will constantly be assuring his at this dire hour! 🙄🙄🙄