Nigeria’s equities market opened the new week slightly in red as investors focus shifted to the outcome of the ongoing Monetary Policy Committee (MPC) meeting.
Analysts are leaning toward “hold” as MPC decides on the benchmark interest rate after its 300th meeting holding in Abuja from May 19 to 20.
At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased from preceding trading day’s highs of 109,710.37 points and N68.953 trillion respectively to 109,697.83 points and N68.945 trillion.