Equity Market Posts Downtrend, Sheds 0.11%

The Equity Market began the week in a bearish position, shedding 0.11%. Market breadth closed positive, recording 21 gainers against 18 losers.

In summary, the All Share Index (ASI) shed 45.90 absolute points, representing a decline of 0.11% to close at 40,752.83 points.  Similarly, the Market Capitalization shed N16.63 billion, representing a dip of 0.11% to close at N14.91 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FBNH (-2.85%), HONYFLOUR (-1.52%), STANBIC (-0.81%), NB (-0.78%), GUARANTY (-0.55%), ACCESS (-0.44%), and ZENITH (-0.18%).