Zenith Bank followed with 15.15 million shares worth N361.67million, while Fidelity Bank traded 14.94 million shares valued at N29.79million.Oando traded 11.12 million shares valued at N53.63million, while Access Bank transacted 10.69 million shares worth N106.98million.
Analysts from Cordros Capital, said: “in our view, the continued sell-offs call for cautious trading among investors, amidst absence of a near-term one-off positive catalyst in the short to medium term. However, still-positive macro-economic fundamentals remain supportive of gains on the long term.”
The Chief Research Officer, Investdata Consulting, Ambrose Omodion, said: “Reversal is imminent if more positive Q2 earnings reports hit the market today, considering undervalued state of equities and high yields. Investors should review their position in line with their investment goals and act as events unfold in the global and domestic environment.”