Nigerian stocks are down 8.8% for the year worse than 5.86% in May.
Market breadth closed negative as CADBURY led 12 Gainers as against 22 Losers topped by NEIMETH.
Across sectors, three of the five indexes under our coverage closed in the red.
Nigerian bourse finished the week on a positive note as blue chip stocks AIRTEL, NESTLE, NB brought the bulls back in.
Market sentiment, as measured by market breadth, was positive, as 9 stocks gained, relative to 8 decliners.Crude oil printed lower
The market continued its bearish trend as major blue-chip stocks like DANGCEM witnessed sell-offs.
Market Capitalization closed at N13.00 trillion, down by 0.16% from the previous close of N13.027 trillion.
The Nigerian stock market reversed its previous day’s loss, as the All Share Index gained 0.17% to close at 24,972.89 points from the previous close of...
Market activity measured by aggregate volume dipped by -29.51%, while value also declined by 52.73%.
The Financial Services industry led the activity chart with 814.292 million shares valued at N7.186 billion.