Nigerian equities sank for the second day on the trot on Tuesday, with the benchmark index closing weaker by 0.08 per cent and the size of trade three per cent less, casting doubt on the chances of buoyancy returning to the market any moment soon.
Financial services stocks have been known to be the foremost driver of volume of the 155-stock strong bourse, but investors have been keeping them at arm’s length especially since Monday, with GTCO, Zenith as well as Access – all parts of Nigeria’s biggest banks commonly known by their initials FUGAZ – heading Tuesday’s retreat.
However, the bright side of trade could be found in the market breadth which, closing positive on account of 15 gainers being recorded against 13 losers, means investor sentiment towards trade is broadly improving. “Following an improvement in sentiment, we expect a positive performance in the next trading session as investors take a position in attractive stocks,” broker Afrinvest said in a note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Four: These are the auditors earning billions from Nigerian banksIn 2020, PricewaterhouseCoopers, one of the auditors , received the highest earnings of N2.98 billion from auditing three of the big five...
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Concerned Nigerians Group Demands Investigation Into Death of Ex-Central Bank Chief, Mailafia | Sahara ReportersThe group said the call was necessitated by the history of intimidation of dissidents and activists who have exposed corruption and human rights violations perpetrated by the Muhammadu Buhari-led administration. Maybe na boko haram sponsors kill the man... Maybe protect akinkunmi oooo The perpetrators will never be brought to book .. completely pointless Concerned idiots 🤔
Source: SaharaReporters - 🏆 9. / 63 Read more »
OneBank App: The 100% Digital Bank That’s Changing the Face of Banking in NigeriaThe world of mobile banking is an ever-expanding one, driven by customer satisfaction. Sterling Bank, a tech-focused bank, is continually providing
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Reps query presidential committee over assets seized from former Nigerian leadersThe lawmakers said they discovered that some of the properties the committee claimed to have sold were either not sold or were not paid for contrary to its claim.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
NCC Boss Charges Women On ICT Skills, Roles In SectorThe executive vice chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta has charged Nigerian women to equip themselves and take up
Source: LeadershipNGA - 🏆 4. / 77 Read more »
BREAKING: Wife Of Nigeria’s Legendary Singer, King Sunny Ade Dies | Sahara ReportersRisikat was one of the wives of Nigerian legendary singer, Sunday Adeniyi Adegeye, more commonly called King Sunny Ade, who has been ruling the Nigerian airwaves since the 1970s with his songs. Ugh 😑 my condolences Sigh... All dem baby mamas be hustling will start hustling for promotion to first lady now My condolences sir
Source: SaharaReporters - 🏆 9. / 63 Read more »