Equity Market Halts Three Days Uptrend, Sheds 0.48%


The Equity Market on Thursday was bearish, shedding 0.48% to halt uptrend of three consecutive trading days. Market breadth closed at par, recording 25 gainers against 25 losers.

In summary, the All Share Index (ASI) shed -198.21 absolute points, representing a decline of 0.48% to close at 41,107.81 points.  Similarly, the Market Capitalization shed N71.80 billion, representing a dip of 0.48% to close at N14.89 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DANGSUGAR (-5.00%), DANGFLOUR (-4.98%), OANDO (-4.92%), FO (-4.87%), UNILEVER (-4.37%), FCMB (-2.33%), HONYFLOUR (-1.83%), NB (-1.40%), DANGCEM (-1.09%) and MOBIL (-0.89%)


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