Following sustained profit-taking in some bellwethers, the equities market recorded its second decline yesterday, as market capitalisation depreciated further by N114 billion. Precisely, at the close of trading, Wednesday, the All Share Index (ASI) decreased by 220.65 absolute points, representing a dip of 0.75 per cent to close at 29,062.50 points. …
Nigerian equities market extended the negative streak at the end of yesterday’s transactions, causing market capitalisation to dip further by N20 billion. Specifically, the All Share Index (ASI) fell by 41.45 points or 0.16 per cent to 26,472.20 points.
The free fall of equities on the Nigerian Stock Exchange (NSE) worsened at the close of transactions last week, as the benchmark All-Share Index (ASI) recorded five consecutive days of losses, breaking down its October 3, 2019, strong support level of 26,789.38 basis points.