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Trading Value Falls as Investors Adopt Cautious Trading


Goddy Egene
Both volume and value of trading at the stock market fell last week as investors continued with profit-taking and cautious approach while waiting for the release of half year corporate results.
The volume of trading fell by 25 per cent from 1.348 billion shares worth N12.140 billion to 1.008 billion shares valued at N10.923 billion. Also the Nigerian Exchange (NGX) Limited All-Share Index (ASI) declined by 0.12 per cent to close at 37,947.18, while market capitalisation shed N24.5 billion to be at N19.771 trillion.
After declining the previous week, the bearish sentiments persisted last week for the second consecutive week, as investors booked profits on bellwether stocks. They were also cautious by investors as they await the release of Q2-21 earnings. However, while investors are eagerly waiting for the performance of companies, United Capital Plc on Wednesday announced its results for H1. ....

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