the Nigerian equity market continued its bullish trend, with investors gaining N673 billion. The market capitalization of the exchange and the All-Share Index rose by 1.30%, settling at N52.408 trillion and 95,768.12 basis points, respectively.JAMB Result
Despite the positive trading, market participation saw a decline, with the volume and value of traded units dropping by 14.52% and 4.23% to 721,813,844 units and N14.407 billion, respectively. The market sentiment was negative, with 47 losers and 24 gainers.
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Cowry Assets analysts had earlier projected a possible pullback in the short term, based on the ASI’s current movement pattern, indicating that the market was persistently in the overbought region. As the market continues to evolve, investors will closely monitor trends and indicators to make informed decisions.