Bears sustain dominance as prices of major stocks dip | The Guardian Nigeria News - Nigeria and World News

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

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

“The current trend or patterns seem to portend the possibility that stocks will oscillate in the days to come, but not without worries among players before the earnings season kicks off properly at the mid-month.” NigerianStockExchange Nigeria

The Nigerian Stock Exchange , yesterday, sustained a bearish sentiment for the sixth consecutive trading session, as more blue chip stocks depreciated in price, resulting to a further loss in the All Share Index by 0.21 per cent.

On the market performance, the Chief Operating Officer, InvestData Consulting Limited, Ambrose Omordion, said equities transactions have continued on a weaker note owing to the lack of a positive stimulus needed to drive demand for stocks, as the composite ASI continued on a down trend, defying the seeming resistance and rebound signals given before now.

Market breadth closed negative, with 12 gainers versus 14 losers. NASCON Allied Industries recorded the highest price gain of 10 per cent to close at N14.85 per share. NPF Microfinance Bank followed with 9.09 per cent to close at N1.20, while Forte Oil rose 6.08 per cent to close at N15.70, per share.

Wema Bank lost 7.94 per cent to close at 58 kobo, while Chams shed 7.69 per cent to close at 24 kobo, per share.

 

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 MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Nigeria’s leather industry generates $600m yearly’ | The Guardian Nigeria News - Nigeria and World News“Leather has a global market size of about $20b traded annually and a lot of opportunities abound in the industry.' Nigeria LeatherIndustry Leather
Source: GuardianNigeria - 🏆 1. / 94 Read more »