Nigeria’s equities market was dominantly bearish this week, with all but one trading session closing on an upbeat note as relentless profit-taking continued to eat away at stocks value.
All the key market performance indicators declined this week. Market breadth, a barometer for investor sentiment, was negative as 37 laggards were reported against 33 gainers. Trade volume of 1.006 billion shares estimated at N10.330 billion was recorded in 17,165 deals, relative to the 981.147 billion shares worth N10.384 billion that were traded in 15,001 deals last week.
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