Despite the gains recorded in two trading sessions, the equities market closed last week with a 1.7 per cent loss. Specifically, the Nigerian Stock Exchange’s All-Share Index (ASI) and market capitalisation depreciated by 1.74 per cent to close the week at 38,648.48 basis points and N20.221 trillion respectively. Activity levels were also weak, as volume and value traded declined by 22.6 per cent w/w and 30.7 per cent w/w, respectively. “With uncertainties about the direction of yields in the FI market still bugging investors’ minds, the bears are likely to retain dominance in the market,” Analysts at Cordros said. NIGERIAN TRIBUNEEquities market records sixth WoW loss

Source: Nigerian Tribune March 14, 2021 21:56 UTC