Profit taking in some blue chip stocks, including
Analysis of the day's trading showed that the benchmark All Share Index (ASI) slipped by 0.9 percent after
Also, sell-off in three tier-1 banking stocks -
Consequently, the ASI closed lower at 24,954.32 points, while the equities market capitalisation declined to N 13.018 trillion from N 13.137 trillion on Thursday.
Meanwhile, capital market operators expect a positive performance in the market this week despite the negative sentiment yesterday.
Analysts at
In their own projections, analysts at Cowry Asset Management, said: "We expect the domestic equities market to close positively amid positive developments in the external sector.
"Hence, we advise investors to buy stocks with strong fundamentals and good dividend yields. Also, we expect buy interest in the healthcare sector as the industry is set to benefit from government interventions amid COVID-19 pandemic." For analysts at
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