Stock Market Sustains Bearish Profile

Investors' low appetite for stocks on the floor of Nigerian Stock Exchange, yesterday continued to depress equity prices as major capitalised companies suffered price depreciation, resulting to a further slide in market capitalisation by N5 billion.

At the close of trading, 19 companies depreciated in price led by Access bank with 4.86 per cent to close at N6.26 per share while Union bank followed with 4.76 per cent to close at N3.00 per share.

Sterling Bank lost 4.59 per cent to close at N1.04 per share while Prestige Assurance and Unity Bank shed 4.55 and 3.77 per cent to close at N0.63 and N0.51 per share respectively.