Stock Markets
Daily Stock Markets News

NSE market indices open week on cautious note [ARTICLE]

Specifically, the All-Share Index lost 1.14 points or 0.004 per cent to close at 28,658.31 compared with 28,659.45 achieved on Friday.

Also, the market capitalisation closed flat at N14.979 trillion, same figured posted on Friday.

Speaking on the implications of the protests, Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., said the Federal Government needed to intervene to avoid further loss of economic activities.

Kurfi said the ongoing protests, if not addressed, would erode efforts put in place for economic recovery from COVID-19 pandemic.

“We are just trying to recover from COVID-19, the economy is not ready for any further setback.

“The protest, if not addressed, will affect the economy, especially, transportation sector,” Kurfi said.

He said that institutional and foreign investors were taking advantage of low price of stocks with high dividends yield to increase their stake in the market.

However, market breadth was positive with 19 gainers against 18 losers.

International Breweries led the gainers’ chart in percentage terms, gaining of 9.94 per cent to close at N5.86 per share.

Ikeja Hotel followed with 9.90 per cent to close at N1.11, while Cutix rose by 9.88 per cent to close at N1.78 per share.

Conoil improved by 9.72 per cent to…

Read More: NSE market indices open week on cautious note [ARTICLE]

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.