Equities Market Extends Negative Run

The All-Share Index (ASI) lost 1.219.93 points, representing a decline of 0.50 per cent to close at 241,984.80 points. Also, market capitalisation declined by N782 billion to close at N 155.204 trillion.
The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Vitafoam Nigeria, Guaranty Trust Holding Company (GTCO), Zenith Bank, Dangote Sugar Refinery and Nigerian Exchange Group.
On market outlook, Cowry Assets Management Limited stated that the market outlook remains cautious, with profit-taking pressures and lingering Oil & Gas sector uncertainties likely to weigh on investor sentiment.
Imperial Asset Managers Limited maintained its s...