Selloff sentiment persists as investors lose N103bn in 4 days vanguardngr.com vanguardnews
Notwithstanding the bearish run, analysts have projected cautious optimistic outlook for the market in the nearest term noting that the fundamentals of most companies remain bright.
In the same manner another equity market gauge, Nigerian Stock Exchange, NSE All Share Index ASI declined by 0.9 percent to close at 31,082.32 points from 31,360.28 points it closed last week Wednesday The ASI shed 43.07 absolute points, representing a decline of 0.14 percent to close at 31,082.32 points. Similarly, market capitalization lost N16.06 billion representing a dip of 0.14 percent, to close at N11.59trillion.
Across sectors, performance was mixed as three of five indices trended southward. The Banking index rose 2.1 percent following price appreciation in Guaranty Trust Bank Plc , ETI , Fidelity Bank while the Oil & Gas index appreciated 0.3 percent on the back of gains in MOBIL .
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