Bearish sentiments drag stock market index further by 0.4% | The Guardian Nigeria News - Nigeria and World News

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“In the absence of a positive catalyst, we guide investors to trade cautiously in the short term.” Nigeria

The reign of bears continued unabated on the trading floor of the Nigerian Stock Exchange , as more bellwether stocks depreciated in price, resulting to a further decline in the All-share index by 0.4 per cent.

Analysts at Afrinvest Limited maintained a bearish outlook for subsequent trading sessions, but were optimistic that investors would continue to position in undervalued stocks with good fundamentals. Linkage Assurance gained 8.33 per cent to close at 52 kobo, and Oando 6.76 per cent to close at N3.95, per share.

 

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