Equity Market Sustains Downtrend, Sheds 0.04%


The Equity Market on Tuesday closed in the red to extend downtrend to two consecutive days, shedding 0.04%. Market breadth closed negative, recording 24 gainers against 25 losers.

In summary, the All Share Index (ASI) shed 17.02 absolute points, representing a decline of 0.04 % to close at 41,172.82 points.  Similarly, the Market Capitalization shed N6.16 billion, representing a dip of 0.04% to close at N14.91 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FO (-5.00%), FLOURMILL (-1.13%), NB (-0.78%), OANDO (-0.57%), GUINNESS (-0.48%), DANGCEM (-0.40%), and ZENITH (-0.18%).


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