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Market sentiment was positive with 21 gainers against 15 losers. | Pulse Nigeria

This was due to sustained profit-taking in Guaranty Trust Bank and 16 others. It came as the apex bank’s Monetary Policy Committee members, at the end of the two-day meeting on Tuesday, voted to hold all policy variables at current levels. Specifically, the committee decided to retain Monetary Policy Rate (MPR) at 11.5 per cent; maintain the asymmetric corridor around the MPR at +100/-700bps, retain the Cash Reserve Ratio at 27.5 per cent, and retain liquidity ratio at 30.0 per cent. At the stock market, the All-Share Index dipped 30.82 points or 0.08 per cent to close at 38,256.76 from ...

This was due to sustained profit-taking in Guaranty Trust Bank and 16 others. It came as the apex bank's Monetary Policy Committee members, at the end of the two-day meeting on Tuesday, voted to hold all policy variables at current levels. Specifically, the committee decided to retain Monetary Policy Rate (MPR) at 11.5 per cent; maintain the asymmetric corridor around the MPR at +100/-700bps, retain the Cash Reserve Ratio at 27.5 per cent, and retain liquidity ratio at 30.0 per cent. At the stock market, the All-Share Index dipped 30.82 points or 0.08 per cent ...

Specifically, the market capitalisation, which opened at N20.330 trillion, inched higher by N88 billion to close at N20.418 trillion. Similarly, the All-Share Index rose by 167.56 points or 0.43 per cent to close at 39,015.58 from 38,848.02 posted on Monday. Accordingly, the month-to-date and year-to-date losses moderated to 0.1 per cent and 3.1 per cent, respectively. The market gain was driven by price appreciation in large and medium capitalised stocks including MTN Nigeria Communications (MTNN), Zenith Bank, Guaranty Trust Bank, PZ Cussons and Ardova Plc. ...