Stock market closes negative Monday, sheds N418 billion

The market’s negative performance was driven by price depreciation in large and medium capitalised stocks which are; MTN Nigeria Communications , Transcorp Hotels, Africa Prudential, FBN Holdings and Wema Bank.

“We anticipate the broad-based return of investors’ risk-on sentiments, which is to be catalysed by declining yields in the fixed-income market. Nigerian Exchange Group rose by 8.16 per cent to close at N26.50, while Jaiz Bank gained 5.68 per cent to close at 98k, per share. The total volume traded fell by 58.19 per cent to 226.59 million units, valued at N1.57 billion, and exchanged in 4,37 deals.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Sheds N418bn Amid Sustained Sell PressureThe domestic equities market yesterday, started the week in negative territory with N418 billion loss, spearheaded by losses in heavyweight stocks.
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Bearish Performance To Linger On Stock Market This WeekCapital market analysts have stated that bearish performance is expected to linger on the equities market on account of sustained weak investor sentiment.
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Ecobank, Dangote Sugar, Flour Mills top stocks to watch this weekThis is not a buy, sell or hold recommendation but a stock investment guide.
Source: PremiumTimesng - 🏆 3. / 78 Read more »