The Nigerian equities market closed the week negative on Friday. The first weekly decline after eight weeks of consecutive gains as investors book on profits on the local bourse. Profit-taking held sway on the capital market, most particularly amongst banking stocks as investors took positions in the market to sell-off their stocks while depressed yields in the fixed income market still loom. Activity level was however mixed, as volume grew strongly by 153.8 per cent Week on Week (WoW) while value declined 38.7 per cent w/w. Equities market breadth closed negative for the week with 21 gainers led by BOC Gas and Tripple-G as against 55 losers led by Wapic Insurance and Oando.

Source: Nigerian Tribune November 22, 2020 15:22 UTC