The Influx of news on Dangote Flour Mills Plc and the potential listing and restructuring of MTN Nigeria, inundated most analysts and investors’ opinion.
Bearish sentiments prevailed at the end of the fourth trading session as offers outweighed bids in most sectors.
NSEASI started the week on a positive note.
The Nigerian equities market remained bearish with four of five NSE sector indices closing underwater.
We attribute the negative close to sell-offs witnessed in all sector indices, save for the NSE oil and gas index.
We attribute the marginal decline on the NSEASI to the mixed and negative close on a number of big cap stocks.
Bargain hunting activities on some stocks causes NSEASI to close positive .
Market breadth closes positive at 1.21x Bearish sentiments drove the NSEASI down by 15 basis points at the sound of the closing bell. Total market capitalisation...
Bullish sentiments were brought to a halt in anticipation of a second rate hike by the US Fed.
There was a dearth of positive momentum on stocks listed in the premium board of the NSE.