Capital market watchers say the overall market sentiment this week will likely be mixed, especially given the lack of significant drivers to buoy investors’ interest over the near-term before the earnings season. They believe one potential factor that could change the direction of activities may be upcoming share issuances by banks, advising investors to trade cautiously over the near term in fundamentally justified names.

Summary of price change at the Nigerian Exchange Limited, NGX, last week, showed that 51 equities appreciated in price during the week higher than 35) equities in the previous week. Twenty-four equities depreciated in price lower than 37) in the previous week, while 79 equities remained unchanged, lower than 82 recorded in the previous week.

Curix Plc led the top 10 gainers during the week, moving from N3.12 kobo per share to N4.00 kobo per share at the close of the week. Rising by 28.21 per cent. Regency Assurance Plc was up by 23.63 per cent, moving from N0.38 kobo per share to N0.47 kobo per share at the end the week.

The share value of Chams Holding Company Plc appreciated by 23.38 per cent to sell at N1.90 from N1.54 kobo per share in the week under review. The share price of Total Energies Marketing Nigeria Plc was up by 20.96 per cent, rising from N321.50 kobo per share to N388.90 kobo per share.

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