This week, a mixture of profit-taking and reaction to earnings scorecard released this week shaped market activities. All in, the local bourse ended the week on a bearish note, as the ASI lost 0.3% w/w reversing gains from the previous week. The ASI closed at 38,547.1 points as YTD loss worsened to 4.3%, and market capitalisation fell by 31bps w/w to settle at N20.1tn. Activity level was mixed as average volume traded fell by 6.9% w/w to 274.8m units and average value traded increased by 36.3% to N2.4bn.
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