Domestic Equities Market Upended by 0.04% Amid Renewed Profit Taking Activity

December 2, 2019/Cowry Asset

At the end Monday’s trading session, local bourse closed on a negative note by 0.04% having printed 17 laggards as against 12 gainers. Counters such as ACCESS, OANDO and CCNN shed 0.54%, 1.33% and 5.00% respectively, dragging the NSE Banking, NSE Oil & Gas and NSE Industrial sectored gauges lower by 0.16%, 0.15% and 1.20% respectively.

Consequently, the year-to-date loss of local stocks worsenedto14.13% from 14.09%.

Meanwhile, the total value of equities traded dwindled by 33.42% to N2.44billion; however, the total volume of equities traded increasedby 8.51% to 246.51million units.

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