Capital market

The Nigerian equities market is expected to see more of bearish trading this week despite the negative trend that pervaded the market last week. Sell pressures prevailed in the market last week as investors began profit taking activities on stocks that have been trading at high prices following the recent bullish run.

“We expect trading activities in the coming week to mirror that of the week past albeit at a moderated level. A positive close is not unexpected as we envisage pockets of bargain-hunting in the week following this week’s significant loss,” analysts at Meristem Securities Limited said.

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