Mixed Sentiments To Prevail On Stock Market This Week

“Thus, we expect market performance to remain mixed in the week ahead as investors rotate their portfolios towards stocks with attractive dividend yields amid intermittent profit-taking activities. Overall, we advise investors to take positions in only fundamentally justified stocks as the weak macro story remains a significant headwind for corporate earnings.”

Across the sectors last week, performance was bullish with the NGX Banking index recorded a weekly gain of 5.23 per cent. NGX Oil & Gas index rose by 5.08 per cent, while NGX Insurance index up by 3.08 per cent for the week. On the other side, Transnational Corporation led the decliners table by 30.96 per cent to close at N1.94, per share. McNichols followed with a loss of 17.72 per cent to close at 65 kobo, while Geregu Power declined by 10.00 per cent to close at N290.70 per share.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Police arrest three suspected daredevil robbers who invaded, killed trader in Ogun market | The Guardian Nigeria News - Nigeria and World NewsThe police command in Ogun, says it has arrested three members of a robbery syndicate who allegedly invaded the phone market in Abeokuta and killed one trader.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Police arrest suspects in Ogun phone market robberyArmed robbers on 12th April attacked the phone market in Abeokuta destroyed properties and stole phone handsets.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Police arrest three ‘armed robbers who attacked Ogun market’ | TheCableThe police command in Ogun says it has arrested three members of a robbery syndicate who allegedly attacked a phone market in Abeokuta, the capital of the state.
Source: thecableng - 🏆 2. / 80 Read more »