Renewed Bear Run Halts Three Day Positive Streak As NSE Index Sheds 0.61%

Equities trading on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, May 17, ended in the Red zone on renewed bear sentiment.

The All Share Index depreciated by 0.61% to close at 26,655.48 basis points, compared with the 1.13% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -6.94%.

Market breadth closed negative as ConOil led 14 gainers against 31 losers topped by Vitafoam at the end of today’s session – an unimproved performance when compared with previous outlook.

Nestle gained N3.00 to close at N725, ConOil gained N1.9 to close at N23, IniDicon, gained 0.66 kobo to close N13.86 while flourmill gained 0.5 kobo to close at N23.

Forte Oil led the losers chart after shedding N19.68 kobo to close at N205.32. Total lost N5 to close at N170, while Uniliver lost N1.55 to close at N32.8