Trading on the Nigerian equity market returned to negative territory on Wednesday with 0.05 per cent dip or losses in MTN Nigeria and six other stocks.
The News Agency of Nigeria reports that the Exchange has commenced full remote trading following the raging COVID-19 in the country. “We expect mixed performance to continue, as market players interpret the outcome of MPC and expected impact of the stimulus package on the economy,” Omordion stated. Africa Prudential followed with 9.87 per cent to close at N3.47, while Jaiz Bank declined by 8.16 per cent to close at 45k per share.
Cadbury followed with a gain of 9.71 per cent to close at N5.65, while Neimeth, Prestige Assurance, Union Diagnostic, United Bank for Africa and Wapic Insurance appreciated by 9.09 per cent each to close at 48k, 60k, 24k, N4.80 and 24k per share.
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