Stock Market: Analysts Predict Bearish Trading This Week

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Also, GTI Securities Limited said: “Bearish sentiment returns to the stock market, with the trading activities on equities remaining dismal. We expect the

Bearish sentiments persisted in the local bourse for the third consecutive week as profit-taking activities dominated market performance with the benchmark index recording losses in three of the five trading sessions.

The market breadth for the week was negative as 20 equities appreciated in price, 50 equities depreciated in price, while 86 equities remained unchanged. Meyer Plc led the gainers table by 30.91 per cent to close at 72 kobo, per share. Cornerstone Insurance followed with a gain of 13.79 per cent to close at 66 kobo, while P Z Cussons Nigeria went up by 13.44 per cent to close to N10.55, per share.

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