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By Chinyere Joel-Nwokeoma Lagos, Feb. 18, 2021 Bearish sentiments persisted on the Nigerian Stock Exchange (NSE) on Thursday following sell pressure on MTNN, Guaranty Trust Bank and Zenith Bank shares. Consequently, All-Share Index dropped by 253.13 or 0.63 per cent to 40,212.19 from 40,465.32 achieved on Wednesday. Accordingly, the month-to-date and year-to-date losses increased to 5.2 per cent and 0.2 per cent, respectively. Also, the market capitalisation which opened at N21.169 trillion lost N133 billion to close at N21.036 trillion. The downturn was buoyed by value depreciation in large and medium capitalised stocks amongst which are: University Press, Chams, UPDC Real Estate Investment Trust, Multiverse Mining and Exploration and Japaul Gold.

Chinyere joel nwokeomaAnalysts at afrinvest ltdReal estate investmentNigerian stock exchangeNigerian aviation handling companyZenith bankGuaranty trust bankRoyal exchangeAll share indexUniversity pressEstate investment trustMultiverse miningJapaul goldAviation handling companyNiger insuranceDangote sugar refinery