The Nigerian equities market maintained a bearish outing on Monday, having opened for the week with a loss of 0.45 percent.
Similarly, the market capitalization shed N62 billion to close at N13.622 trillion compared with N13.684 trillion achieved on Friday. “Our outlook remains bearish in the near term, though we do not rule out the possibility of bargain hunting in fundamentally sound stocks.”Champion Breweries recorded the highest price gain of 9.90 percent to close at N1.11.
On the other hand, GlaxoSmithKline Consumer Nigeria led the losers’ chart dropping by 10 percent, to close at N7.65 per share.
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