BUACEMENT, FBNH, and MTNN Drive Mid-day Loss
The Nigerian Exchange (NGX) is tracking lower as equity investors begin another round of selling rallies after losing N47 billion ahead of the Christmas celebration. The selling of major names on the local bourse started as the market moves southward during midday trading sessions.
Giving an early indication, Alpha Morgan Capital hinted that as of noon, the equity market is currently trading on a bearish note following price declines in MTNN, Honeywell, WAPIC, Wema Bank and others.
MTNN share price falls 0.38%, HONYFLOUR sheds 1.45%, WAPIC falls by 2.04%, WEMABANK dips by 2.60%, FBNH tumbles by 4.35%, and BUACEMENT knocked off 10.00% of its price.
Overall, the Nigerian Exchange All Share Index is lower by -1.14%.
