Nigeria’s equities market decreased by 0.03 percent or N21billion on Monday as investors adopt a wait-and-see attitude towards the equities market.
After record sell off last week, the stock market opened this week slightly red, as the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from 104,563.34 points and N65.706trillion respectively to 104,529.62 points and N65.685 trillion.
In their view on what shapes the market on Tuesday, research analysts at Vetiva Research said, “Barring the limited changes to the drivers of buy-side action in the market, we expect sentiment to remain mixed in the upcoming session as investors look for fundamentally sound names with attractive price points”.