The Nigerian equities market continued in a negative position on Wednesday as investors lost N74 billion amid sustained sell pressure across major stocks.
Specifically, the market capitalisation, which opened at N79.803 trillion, added 340 billion or 0.43 per cent to close at N80.143 trillion.
The All-Share Index (ASI) declined by 16.13 points.
“The fact that the company allowed them access these past years doesn’t translate that they should tell us how to look after our property.”
The market negative performance was driven by price depreciation in large and medium capitalised stocks.
The market negative performance was driven by price depreciation in large and medium capitalised stocks.
The positive market performance could be attributed to investors’ increased buy-interest in all major sectors.
FBN Holdings accounted for 605.01 million shares worth N8.90 billion traded on Thursday.
Market sentiment was positive with 25 gainers compared with six laggards.
“We expect the overall theme of the market to tilt towards the bears, considering the anticipated NTB auction scheduled to hold later in the week.”
