Analysts predict that the buying interest that emerged last week will persist, even as negative sentiment in the telecom giant Airtel Africa caused investors N14 billion in losses.
Investors were to be guided by the results of the CBN’s monetary policy committee’s meeting today and tomorrow, according to analysts.
Despite the market’s increase in four of the five trading days, profit booking in Airtel Africa plc (-6.0%) dropped the equities index by 0.1 percent.
The benchmark all-share index (asi) dropped to 52,187.17 points from 52,214.62 points or a 0.1 percent decrease.
In the same way, the market capitalization of all listed equities dropped by the same amount to N28.417 trillion from N28.431 trillion in the previous week.