The Nigerian Stock Exchange , yesterday, sustained a bearish sentiment for the sixth consecutive trading session, as more blue chip stocks depreciated in price, resulting to a further loss in the All Share Index by 0.21 per cent.
On the market performance, the Chief Operating Officer, InvestData Consulting Limited, Ambrose Omordion, said equities transactions have continued on a weaker note owing to the lack of a positive stimulus needed to drive demand for stocks, as the composite ASI continued on a down trend, defying the seeming resistance and rebound signals given before now.
Market breadth closed negative, with 12 gainers versus 14 losers. NASCON Allied Industries recorded the highest price gain of 10 per cent to close at N14.85 per share. NPF Microfinance Bank followed with 9.09 per cent to close at N1.20, while Forte Oil rose 6.08 per cent to close at N15.70, per share.
Wema Bank lost 7.94 per cent to close at 58 kobo, while Chams shed 7.69 per cent to close at 24 kobo, per share.
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