At the close of transaction yesterday at the Nigerian Exchange Limited , the market capitalisation of listed equities declined by 0.06 per cent to N19.928 trillion from N19.940 trillion reported the previous day.
Analysts at Afrinvest Limited said: “We expect the market to remain bearish in the next trading session due to the absence of a positive catalyst.”However, market sentiment, as measured by market breadth, was positive as 20 stocks appreciated in price while 14 others constituted the losers chart. On the price movement chart, John Holt led the gainers chart with 9.68 per cent to close at N0.68 kobo while Vitafoam followed with a gain of 9.19 per cent to N10.10 kobo.
However, FTN Cocoa emerged the day’s highest price loser with 7.34 per cent to N0.38 kobo. NPF Micro Finance Bank trailed with a loss of 5.62 per cent to N1.68 kobo.Flour Mills Nigeria Plc fell by 5.25 per cent to close at N27.95 kobo. Japaul Gold dipped by 1.75 per cent to close at N0.56 kobo while Wema Bank Plc dipped by 1.72 per cent to at N0.57 kobo.