NSE market indicators down by 0.35 per cent

The Nigerian equities market sustained negative mood on Tuesday with the market indicators declining further by 0.35 per cent.

Specifically, the All-Share Index (ASI) decreased by 101.13 points or 0.35 per cent to close at 28,432.27 against 28,533.40 recorded on Monday.

Similarly, the market capitalisation lost N52 billion to close at N14.645 trillion compared with N14.697 trillion achieved on Monday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Chemical and Allied Products (CAP), Dangote Sugar, Zenith Bank, UACN and Guaranty Trust Bank.

Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the losing streak to investors’ concern over the recent U.S. visa ban on Nigeria.

Mr Omordion added that the…

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