Sustained sell pressures took the centre stage at Monday’s trading session on the floor of the Nigerian Stock Exchange as losses in the shares of Dangote Cement, GT Bank and MTNN, dragged the All Share Index (ASI) southwards by 0.79 per cent to close at 28,341.03 points.

Year-to-Date (YTD) loss worsened to -9.8 per cent while investors lost over N110 billion as market capitalisation fell to N13.812 trillion.

Activity level strengthened as volume and value traded advanced 74.5 and 46.9 per cent to 175.16 million units and N2.14 billion, respectively in 3,111 deals.

Reacting to the development investment research analyst at Afrinvest, Adedayo Bakare, said foreign investors are focusing on the debt market rather than equities market because the macroeconomic environment remains weak.

He said, “Companies’ earnings have not been that spectacular as the investors are still looking forward to the quality of the cabinet the President is yet to constitute. Already, H1 earnings as well as global conditions remain favourable, so for the rest of the week, we still expect the bearish run to continue. Nevertheless, we expect the release of half year corporate results and bargain hunting opportunities to drive activities in the market”.

Meanwhile, investor sentiment as measured by market breadth was negative as 21 stocks depreciated in value while 10 others appreciated. Chip Plc topped the losers’ chart with 9.09 per cent to close at 0.30 kobo per share, Sovereign Insurance followed with 8.70 per cent to close at 0.21 kobo, Courtville fell by 8.33 per cent to close at 0.22 kobo while Chams and Total declined by 7.14 per cent to close at 0.26 kobo and N130 respectively.

On the flipside, Cornerstone topped the gainers’ chart with 10 per cent to close at 0.22 kobo per share. AIICO was next with 7.69 per cent to close at 0.70 kobo, Lasaco increased by 6.90 per cent to close at 0.31 kobo, Vitafoam garnered 4.52 per cent to close at N3.70 while Conoil increased by 2 per cent to close at N20.40.

https://www.akelicious.net/2019/07/stock-market-struggles-as-index-slips.html

Land for sale!!!

How can I be the ftc on a thread I do not understand?

Another one in Khaled voice

Is well

Stock Markets Trend : a game of upandan.

Only investors can relate.

It must struggle ! No be buhari be president! He doesn’t care about all that what he cares about his is FULANI DESCENDANTS

Year-to-Date (YTD) loss worsened to -9.8 per cent while investors lost over N110 billion as market capitalisation fell to N13.812 trillion.

Yet we still don't have ministers. Buhari obviously doesn't know anything about governance.

This is a huge shame. We don't deserve this.
Nigeria is no longer attractive to investors. Climate keep getting hostile.

Still Buhari is asking for more time to sought after the people he likes and not competent ones.

Why was this man voted back in? Why?

the elites in this country should help by mounting some kind of pressure on the judiciary to remove this cancer of a president, we are obviously heading to rocky mountain, this country will soon crash, and buhari will make sure of it

We shall become big investors one day

What's the way forward now...Nigerian stocks ain't doing great.. Investors backing out everyday cos of huge losses sustained

post=80309063:
Stock Markets Trend : a game of upandan.

Only investors can relate.

" A game of "upandan " indeed. The consistency in which stocks are depreciating, is an indication that; there is lack of investors confidence in the economy.
Bdw, who invests in a direction less economy? Who will invest in a country were insecurity is all time high? Who will invest in an economy were being rich as a non-member of the ruling party, is corruption?
Keep adorning yourself with ur hypocrisy garment, hope you show you children your social mediahandles(s). Let them know how you supported the "growth" of Nigeria

Hit me up if you wanna learn about forex

A market that controls 5.3 trillion every blessed day

What can we do without reliable power really? We don't deserve this heat!