Nigerian equities market consolidated seven consecutive days downward movement on Tuesday with the crucial market indices dropping further by 0.22 per cent.
Analysts at Cordros Capital Limited said that “Our outlook for equities in the short to medium term remains conservative, amidst absence of a positive catalyst. However, stable macroeconomic fundamentals remain supportive of recovery in the long term.” AG Leventis & Company went up by 7.14 per cent to close at 28k, while Japaul Oil & Maritime Services appreciated by 5.45 per cent to close at 30k per share.Royal Exchange and Chams followed with a decline of 8.33 per cent to close at 22k and 33k per share, respectively.
This was in contrast with a turnover of 214.68 million shares valued at N2.78 billion exchanged in 3,856 deals on Monday.
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