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.
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.
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