The Nigerian Equities Market closes flat, on Wednesday, as all indicators levelled up with the previous close. Market breadth likewise augmented with 9 counters apieceThe All Share Index (ASI) closed at 24,173.53 basis points, while the market capitalization N12.610 trillion. Data indicated that GlaxoSmithKline led the losers’ chart, trailed by Chi Plc Prestige Assurance, African Prudential and Sterling Bank. On the other side of the chart, Eterna Oil, May and Baker, NPF Microfinance Bank, Neimeth Pharmaceuticals and Cutix led the chart. They, therefore, advised for positioning in fundamentally justified stocks at this time as the market is set to rally in response to half-year corporate actions.

Source: Nigerian Tribune July 22, 2020 17:37 UTC