Nigeria’s equities market opened the new week in red, decreasing by 0.11 percent at the close of trading on Monday, February 17 as investors focus shifts to expected inflation report and the possible outcome of upcoming Monetary Policy Committee (MPC) meeting.
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting holds this Wednesday February 19 and Thursday February 20.
Stocks like VFD Group, Ikeja Hotel, Learn Africa, Cornerstone, and UPDC were mostly offered while investors showed interest in stocks like Nigerian Breweries, Cadbury, The Initiates, International Energy Insurance and Nigerian Enamelware. VFD Group decreased most, from N58 to N52.40, losing N5.60 or 9.66 percent.