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B-E-A-R-I-S-H: Just Name It, Nearly All The Blue Chip Stocks Lost Value Today

Nairametrics by Nairametrics
March 19, 2014
in Uncategorized
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It was a free fall today as the Nigerian stock market yet again closed lower than the previous day.

The market shed 0.3% to close at 37136 points. Remarkably nearly all the heavy weight stocks joined the losers list today.  NestlĂ©,  Guinness, Dangote Cement, Dangote Sugar, GTB, Flour Mill, WAPCO,  Unilever, Zenith Bank, FBNH, Nascon,  Honeywell,  ETI, UBA etc all lost ground today.

It’s a remarkable feat and a clear indication of the bearish mood currently engulfing the market.

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Ironically, this presents an opportunity of its own for bargain hunters.  I ironically will like most of these stocks to shed more value as the further away it loses ground to its intrinsic  value the better.

Follow the link below to see all the gainers and losers.

https://www.cscsnigeriaplc.com/home/losers

Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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