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Activities in the Nigerian equities market kicked off the week yesterday on a bearish note as sell pressures in Okomu Oil Plc and 22 others led the overall capitalisation lower.
Consequently, the All Share Index (ASI) down by 289.00 points, representing a loss of 0.44 per cent to close at 65,036.37 points. Also, market capitalisation declined by N157 billion to close at N35.415 trillion.
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The downtrend was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, Eterna, Zenith Bank, FBN Holdings (FBNH) and Stanbic IBTC Holdings.
