Trading reverses on NSE, indices down by 0 19% vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
At the close of transactions yesterday, the ASI fell by 43.78 absolute points or 0.10 per cent to close at 42,000.01 points. Similarly, the overall market capitalisation decreased by N23 billion to close at N21.971 trillion
The downturn was impacted by losses recorded in medium and large value stocks, including Mills of Nigeria, Guaranty Trust Bank, Lafarge Africa, Champion Breweries, and UAC of Nigeria (UACN).
Analysts at Afrinvest Limited said: “We believe the expectations of and trend in corporate releases will influence performance this week.” x
Vetiva Dealing & Brokerage also said: “The bears continued to dominate the domestic bourse in the last three sessions, pushing the ASI down by 0.97 per cent WTD, while the YTD performance reduced to +4.29% (vs +5.32 per cent posted on Friday).
TODAY
February 3, 2021
Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
Specifically, the All-Share Index which opened at 42,043.79 dipped 43.78 points or 0.10 per cent to close at 42,000.01.
Accordingly, the month-to-date loss increased to -1.0 per cent, while the year-to-date gain moderated to 4.3 per cent.
Also, the market capitalisation dropped N23 billion or 0.10 per cent to close at N21.993 trillion from N21.970 trillion achieved on Tuesday.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Flour Mills, Guaranty Trust Bank, Lafarge Africa, Champion Breweries and UACN.