Nigeria’s equities market on Thursday defied analysts expectation of renewed bargain hunting to close down by 0.06 percent or N31billion.
In the post-trading commentary on Wednesday, analysts at Vetiva Research were cautiously optimistic that bargain hunters will emerge in Thursday’s trading session, “potentially spurring a modest rebound”.
“Nonetheless, the risk of sustained selling pressure may keep the market subdued,” the Lagos-based analysts however added.