“We are not optimistic of a rebound in market activities this week as investor sentiment remains weak.”
Specifically, at the close of trading Wednesday, the All Share Index increased by 42.01 absolute points or 0.17 per cent to close at 24,972.89. Similarly, the market capitalisation rose by N22 billion to close at N13.027 trillion.
On market performance, analysts at Afrinvest Limited, said: However, market breadth was negative, as 10 tickers gained, relative to 24 decliners. Nestle Nigeria recorded the highest price gain of 10 per cent to close at N1,094.50 per share. On the other hand, SEPLAT Petroleum Development Company led the losers’ chart by 9.99 per cent to close at N428.80 per share. Neimeth International Pharmaceuticals followed with 9.57 per cent to close at N1.89, and NPF Micro Finance Bank slipped 9.04 per cent to close at N1.51, per share.
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