Nigerian Equities Market Shows Mixed Performance Despite Index Gain
The Nigerian equities market exhibited mixed momentum with the All-Share Index (ASI) advancing despite a decrease in market value. Market capitalization opened at N91.44 trillion and closed lower at N90.99 trillion, indicating mild selling pressure.
The market saw positive activity with 29 gainers and 27 losers, reflecting increased investor participation. Key stocks like AIICO, NCR, and Ikeja Hotel recorded notable percentage gains.
The market showed a mix of sentiment across sectors, with cautious optimism prevailing. Despite concerns about liquidity and fixed income yields, there is renewed appetite for short-term opportunities.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Equities Market Sees Marginal Decline Amid Cautious Trading
Nigerian Equities Market Sustains Uptrend, Market Cap Hits N93.50 Trillion
Nigerian Equities Market Gains N997bn, Ends Week Positively
Nigerian Equities Market Gains as Capitalization Hits N96.13tn
Nigerian Equities Market Rises by 0.49% on Selective Buying and Positive Sentiment
Nigerian Equities Close Higher Amid Mixed Investor Sentiment
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
