INTBREW, UBN, UNILEVER Drive Intraday Loss on NGX
The Nigerian Exchange (NGX) is peppered by sell-offs in some key companies’ shares, according to a mid-day report from Alpha Morgan Capital stockbrokers. Though, there is a chanceee for trend reversal before market close as result of positive sentiment in bellwether stock -albeit, uncertain.
Negative sentiment on International Breweries, Union Bank of Nigeria and Unilever have currently dragged market capitalisation lower, the mid-day report stated.
The intraday loss came following sell-side pressures in INTBREW which has lost 9.60%. FIDSON has now been priced down by 6.67% while bear trading has repriced UBN downward by 5.00%.
Trading data shows that TRANSCORP has declined by 3.15% with 1.33% price depreciation in UNILEVER and STERLNBANK also pullback by 0.65%. Overall, the Nigerian Exchange (NGX) All Share Index (ASI) is down by 0.05%. #INTBREW, UBN, UNILEVER Drive Intraday Loss on NGX