Analysts Anticipate Cautious Trading In Stock Market

The bearish mood on the Nigerian stocks persisted as selloffs and profit booking continued to defy the quarter-end window dressing on a declining traded volume, reflecting the mixed sentiment, as well as the wait-and-see attitude of investors ahead of the third quarter earnings reporting season.

Notably, the All-Share index dipped by 1.40 per cent week-on-week to close at 66,382.14 points. Similarly, market capitalisation shed N516 billion W-o-W to close at N36.331 trillion. On the other side, Oando led the decliners table by 33.76 per cent to close at N7.85, per share. FTN Cocoa Processors followed with a loss of 19.68 per cent to close at N1.51, while SUNU Assurances declined by 14.29 per cent to close at 90 kobo, per share.

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