The decline was driven by price depreciation in large, and medium capitalised stocks, including Enamelware, Eterna, Guaranty Trust Bank, Access Bank, and United Bank for Africa.
Experts say subsequent direction of the capital market will depend on the outcome of the Monetary Policy Committee (MPC) meeting slated for May 24 and 25.
“The performance of the stock market for April 2021 is far better than April performance for 2020 when the ASI closed negative in double-digit year-to-date.”
An expert attributed the market rally to reopening of four land borders.
The All-Share Index lost 506.83 points or 1.46 percent to close at 34,136.82.
