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Equities Market Falls Further as Bears Consolidate Hold - THISDAYLIVE

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Equities Market Falls Further as Bears Consolidate Hold

The bears consolidated their hold on the market as trading opened for the week yesterday pushing the Nigerian Stock Exchange All-Share Index further down by 0.22 per cent to close at 26,390.08. Market capitalisation shed N28.5 billion to close at N12.853 trillion.

Fifteen stocks depreciated dominated by financial services stocks. NEM Insurance Plc led the price losers with 9.5 per cent, followed by WAPIC Insurance Plc with 8.5 per cent. The investment bank reported a revenue of N5.323 billion and profit after tax of N2.763 billion for the nine months ended September 30, 2019, compared with N5.969 billion and N3.082 billion respectively in 2018.

He said on the back of improving group performance, “we would continue to push further our cost-efficiency narrative why strategically focusing on improving our top and bottom lines in order to deliver superior returns to shareholders’ year end.”

 

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A time is coming when the real bear Wil take over NSE

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