Following the sustainable depression in the equity market, stockbrokers yesterday bemoaned the failure of government to salvage the situation even as they insisted that the government’s economic transformation agenda would fail unless urgent steps were taken to bail out the market.
?Meanwhile, the NSE indicators closed in the green territory after the Independence holiday when market capitalisation gained N67 billion to close at N6.563 trillion while the All-share index appreciated by 208.30 basis points or 1.02 per cent to close at 20,581.30 points.
A total of 246.983 million shares valued at N2.363 billion were traded in 4,663 deals with the banking sub-sector accounting for a total of 197.927 million shares valued at N1.317 billion in 2,441 transactions. ??
Expressing deep worry over government’s insensitivity to the capital market, they urged all stakeholders to take urgent steps to pull the market back from the brinks of collapse.