Nigeria's stock market opened the week on a bearish note after the Eid el-Fitr holiday, with the All-Share Index declining by 0.1% to 105,525.99 basis points.
This drop was driven by losses in UACN and 32 other equities, leading to a market capitalization decline of over N90 billion to close at N66.116 trillion.
Despite the dip, 25 stocks recorded gains, including UPDCREIT, VFDGROUP, and AFRIPRUD, with increases of up to 10%.
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However, small business investors and retail traders saw losses in stocks such as UACN, UPL, and SUNUASSUR, which dropped by nearly 10%.
With 438 million shares traded in 17,286 deals, market sentiment remained negative.
Small business owners and investors are closely watching market movements for potential recovery opportunities in the coming sessions.
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