310512 Nigerian Stock Market sustains downtrend as bearish sentiments persist.
Today, unprofitable transactions continued to permeate the Nigerian bourse as the bears further exerted their grip on the market for the third session in a row due to unrelenting sell pressure witnessed across the main board while the NSE Index looks set to dip below 22,000 psychological line.
Nevertheless, the key benchmark indices maintained downtrend as sentiments remained red, taking hits majorly from Large CAP stock which was particularly driven by Zenith Bank while Medium CAP stocks also contributed to the outlook recorded today due to continuous sell pressure witnessed in Conglomerates, Consumer Goods, Financial services and Oil & Gas sectors.
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