Equities Market Extends Bearish Run By N878bn Loss

The Nigerian equities market extended its bearish run, shedding N878 billion as persistent selling pressure weighed on investor sentiment.
The All-Share Index declined by 1,368.10 per cent, representing a loss of 0.61 per cent, to close at 224,321.97 points. Similarly, the overall market capitalisation shed N878 billion to close at N143.947 trillion.
The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Lafarge Africa, First Holdco, Zenith Bank, Oando and NEM Insurance.
On market performance, APT Securities & Funds Limited said that the session was characterized by bearish sentiment despite stronger trading activity, as se...