Saturday , 21 September 2019
Latest News
Home » Breaking News / Latest News » Equity market sheds N28 billion
Equity market sheds N28 billion

Equity market sheds N28 billion

Transactions on the Nigeria equity market on yesterday closed negative, extending previous week bearish sentiment. The decline was impacted by losses on Nestle and 13 other stocks.
However, market breadth closed positively, recording 15 gainers as against 14 losers.
The All Share Index (ASI) decreased by 56.73 absolute points, representing a dip of 0.21% to close at 27,089.84 points. Similarly, the Market Capitalization lost N27.60 billion, representing a decline of 0.21% to close at N13.18 trillion.
UAC-PROP emerged the top gainer while LIVESTOCK emerged as top loser.
The downtrend was impacted by losses recorded in large and medium capitalized stocks, among which are Nestle (-5.73%), Oando (-4.63%), Dangsugar (-.86%), Stanbic (-2.70%), WemaBank (-1.69%), Access (-1.45%), and FCMB (-1.27%).

About Demola Abimboye