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Stock market reopens with 0.2% loss | The Guardian Nigeria News - Nigeria and World News

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“We maintain our bearish stance for the market, although the current low prices of stocks pose opportunities for bargain hunting.” Nigeria StockMarket

Specifically, at the close of transactions yesterday, the ASI decreased by 48.41 absolute points, representing a dip of 0.2 per cent to close at 27,650.28 points. Similarly, the market capitalisation lost N24 billion to close at N13.460 trillion.

Also, analysts at United Capital Plc in their report for this week predicted that the decision of the Monetary Policy Committee would affect investors’ sentiment towards the equity market, in conjunction with the happenings in the global space. Market breadth closed negative, with 18 gainers versus 24 losers. NCR Nigeria and Trans-Nationwide Express recorded the highest price gain of 10 per cent each, to close at N4.95 and 77 kobo, respectively, while Eterna followed with a gain 9.09 per cent to close at N3 per share.

NPF Microfinance Bank lost 9.60 per cent to close at N1.13, while UACN shed 9.49 per cent to close at N7.15, per share.

 

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