Yesterday, the All-share index plunged by 434.34 points or 0.9 per cent from 43,963.40 recorded on Wednesday to 43,529.06. Also, market capitalisation fell by N156 billion from N15.759 trillion to N15.603 trillion. Investors exchanged 500 million shares worth N6.6 billion in 6,002 deals, down from 536 million units valued at N5.2 billion that changed hands in 7,370 deals on Wednesday. Analysts predict that profit taking may start slowing down, while volatility continues due to portfolio reshuffling and repositioning for the expected quarterly and full year reports that are underway. “However, we would like to reiterate that investors should go for equities with intrinsic value, especially during this season that dividend payment is approaching.

Source: The Guardian January 26, 2018 03:45 UTC