Reversing yesterday’s marginal gain, today’s trading activities slashed off 5Bpts from NSEASI trading points, this brings the Week to Date returns to 1Bpts while Month to Date returns stands at 235Bpts. performance on other observed market indices were mixed as shown in the index movement table below. Value loss on the market capitalization for the day is estimated at N4.91 billion.
Today’s trading activities produced 18 advancers and 20 lagers. NSEASI YtD return is currently -1.37% while the Market Capitalization YtD return stood at –N146.961 billion.
Market liquidity is currently weak as traders’ indecisiveness heightened. This is due to very scarce investment pointers which have restricted traders to few equities with outstanding closure dates on earlier reported cash and scrip dividend. We are of the opinion that, cautiously parading the market arena remains an intelligent investment decision.
We maintained our position that traders should pay more attention to their trades and seriously mind their stops (up (+) or down (-)). Investment greed should be avoided at all cost.
Volume Index for week’s activity is 1.19 while buy volume and sell volume is estimated at 79% and 21% respectively.