According to analysts at Cordros Securities “Activities in the domestic equities market resumed the week on a sour note, as investors took profits off WAPCO , Zenith Bank , and Stanbic .
“Thus, the AllShare Index settled lower by 0.1 per cent at 49,991.41 points. Accordingly, the Month-to-Date and Year-to-Date returns settled at +0.3 per cent and +17.0 per cent, respectively. “The total volume traded declined by 16.3 per cent to 200.92 million units, valued at NGN1.45 billion, and exchanged in 3,976 deals. Sterling Bank was the most traded stock by volume at 90.90 million units, while MTNN was the most traded stock by value at N252.47m.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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