Equity Market Report   

6th May 2019  : The Nigerian bourse shed 5bps today retreating on gains made towards the end of last week. Volume and value traded declined 24% and 40% day-on-day. With only 33 movers on the day, market breadth was 1.4x negative. The bank holiday in the United Kingdom might have also contributed to the session of low activity which was generally downtrending, aided by loses in the Banking and Industrial goods sector.

What will shape the market tomorrow? 

Analysts foresee market activity returning to normal levels( N 3.1b, 30-day average) as activity resumes in the United Kingdom tomorrow. Amidst this, analysts expect the bourse to trade sideways with a mildly positive bias in tomorrows session.

Reporting for EasyKobo on Monday , 06 May 2019 in Lagos, Nigeria

Source: Vetiva Capital Management Limited

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