Despite losses by many equities, transactions at the Nigerian Exchange Limited reopened in an upward note yesterday as market capitaliDespite losses by many equities, transactions at the Nigerian Exchange Limited reopened in an upward note yesterday as market capitalisation appreciated by N29 billion, amid renewed bargain hunting in MTN Nigeria and 12 stocks.
On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage said: “Despite the green close, market participants maintained their risk-off sentiment in today’s session, as they await the outcome of the interest rate decision from the CBN; that said, we anticipate another tepid session in the market on Tuesday.”
On the other hand, Champion Breweries topped losers’ chart, dropping 10 per cent to close at N2.97 kobo, Sovereign Trust Insurance trailed with a drop of 9.76 per cent to close at 37 kobo. Transaction in the shares of AccessCorp led market activities with 201.351 million shares valued at N3.41 billion, Transnational Corporation of Nigeria followed with account of 38.21 million shares worth N435.75 million.
Air Peace is under scrutiny by the Nigerian Civil Aviation Authority following reports from the UK Civil Aviation Authority alleging violations of safety regulations. This is coming just three months after Air Peace launched its popular Lagos-London route. The route, which Air Peace operates from Murtala Muhammed International Airport in Lagos to Gatwick…