The Nigerian Equities continues to witness market bearishness. The market lost for two consecutive trading days out of three trading days. However, the market picked up on the last trading day to gain 1.7% due to 10% gain from AIRTELAFRI share price. As a result, the Nigerian Equities Market grew to 22.24% YTD.
Companies such as ACADEMY (17%), CWG (15%), CAVERTON (12.3%), WEMA BANK (10%) and AIRTELAFRI (10%) were the top five gainers of the three days trading week. In the top five laggard’s region, we have FIDSON (-22%), CORNESTONE (-17%), MULTIVERSE (-13.3%), IKEJA HOTEL (-11.36%), and N NIG. FLOUR MILLS (-9.95%).