Nigerian bourse sustains downtrend by N41bn

Nigerian bourse sustains downtrend by N41bn

Trading activities on the floor of the Nigerian Stock Exchange on Monday witnessed another drop in share prices for the fourth trading session as bears sustained their grip on the local bourse following profit takings by investors. The local bourse recorded only 13 gainers and 16 losers apiece to close on a negative sentiment measured by market breadth. Consequently, the All- Share Index (ASI) dipped 143.91 basis points or 0.27 per cent to close at 28,337.49 index points as against 28,415.31 recorded the previous trading session. Similarly,  market capitalization reflected…

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Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

Mixed Trading Ahead Still, As Inflation Data Influences Investment Decisions

By InvestData Analysts Monday’s trading activities on the Nigerian Stock Exchange remained volatile and mixed with the benchmark All Share index closing red again, thereby extending Friday’s negative stance. This is amidst global fears as the coronavirus scourge fuels mixed trend, threatening economic recovery, even as nations relax the lockdowns to allow for productive activities. The nation’s negative macroeconomic indices continue to worsen meanwhile, as revealed by the latest labour market reports estimating underemployment and unemployment rates at 55.7% at half-year 2020; while July consumer price index soared by 12.82%,…

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