Investdata Consulting Limited
The bears sustained dominance at the end of transactions on the equities sector of the Nigerian Stock Exchange (NSE), yesterday, occasioned by price losses in most blue-chip stocks, resulting to a further decline in the All-Share Index by 0.35 percent.
Following price gains recorded by most bluechip stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained the previous day gains, as the All Share Index (ASI) appreciated further by 0.14 percent.
Investors continued to dump the shares of highly capitalised stocks in the equities sector of the Nigerian Stock Exchange (NSE) last week, especially Airtel Africa, apparently taking advantage of their relatively high prices to make a profit in the form of capital gains.
The Nigerian equities market’s gaining streak came to a close yesterday, as losses incurred by most blue-chip stocks dragged market indices. The development caused the market capitalisation depreciated by N130 billion. Yesterday, the All Share Index (ASI) fell by 267.15 points or 0.97 per cent to 27,319.64 points. Accordingly, investors lost N130 billion in value…
Investors’ continued neglect of equities and subsequent diversion to short-dated money market instruments despite the stock market attractive valuation has become a source of worry to stakeholders, as they task the government to adopt an economic policy that would urgently respond to the macro challenges currently rocking the domestic economy.