This comes as investors lost N301.4 billion last week in the wake of the bear run that has been pervading the market.
According to analysts at Cowry Asset Management, a Lagos-based investment banking firm, the equities market may close in positive territory as the early-birds companies release their Q1’2019 financial results, which is expected to be fairly positive. “Hence, we feel investors would take advantage of the low share prices to raise the local bourse upwards,” they said.
Meanwhile, the major benchmark index – the All Share index, ASI, fell by 0.2 percent at the close of transactions last week to close at 29,565.95 points, with the year-to-date, YtD, return paring further to -5.9 percent, while market capitalisation declined by N301.4 billion to settle at N11.1 trillion.
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