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 capital… | By sbinsights on April 3, 2025 | 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%. Read also 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. | | | |
No comments:
Post a Comment