Stocks Threatened With More Sell-Offs As Market Shed Off N92bn

 

Domestic Bourse Witness Continuous Sell offs As Market Capitalization Decline By N91. 9bn - N20. 7Tn. 

A decline in prices have been recorded for the stocks of WAPCO (-7.1 per cent), Intbrew (-4.5%) and MTNN (-2.3%).

The benchmark index fell by at least 44 basis points (bps) to 39,522.06 points while the return dropped to -1.9%.

Trading activity varied as volume advanced by 9.8% to 244.3 million units and value fell 23.4% to N4.1bn.

Performance across sectors was poor as four of the six indices under coverage closed southward.

Investor sentiment as measured by market breadth declined to 0.6x from the 0.7x recorded previously as 16 stocks advanced against 29 decliners.