Nigerian stocks cut losses as bear run enters 10th day

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Investors’ risk-off disposition to the shares of Flour Mills, Zenith and GTB contributed most to the slide.

Nigerian stocks were down 0.06 per cent on Wednesday, partly beating back the rate at which the market declined at the previous session, although that was not significant in halting a free fall in equity value reaching back to April 26.

There is no definite end in view to a dramatic comeback in the near term for a market that has lost 5.06 per cent so far this year.for the fourth time on Tuesday holds some promise, meaning the pace recovery will, at best, be measured and steady.contributed most to the slide. Again, the banking index fell the most of the five sectorial indexes tracked by the bourse as it weakened by 0.44 per cent to 356.09 basis points.The Nigerian Exchange posted a positive breadth as 20 gainers emerged against 14 losers.

The all-share index eased by 23.08 basis points to 38,233.68, and market capitalisation by N12 billion to N19.928 trillion.John Holt led advancers, appreciating by 9.68 per cent to N0.68. Vitafoam climbed up by 9.19 per cent to N10.10.

 

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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines