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Decline in Oil & Gas sector drags Nigerian Equity Market down 0.39%



The Nigerian Equity Market today began the new week lower as the All Share Index (ASI) fell by 0.39% The decline was majorly driven by price depreciation in some major Oil & Gas stocks. Similarly, market breath closed negative, recording 19 gainers as against 21 losers.
The All Share Index (ASI) decreased by 108.32 absolute points, representing a decline of 0.39% to close at 27,691.85 points. Similarly, the Market Capitalization fell by N52.42 billion, representing a loss of 0.39% to close at N13.39 trillion.
SOVRENINS emerged the top gainer  while FO emerged as top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; FO (-10.00%) SEPLAT (-10.00%), JBERGER (-9.95%), INTBREW (-8.70%), OANDO (-7.41%), CCNN (-6.04%),  ETI (-4.38%), UACN (-3.74%), ACCESS (-0.75%) and NB (-0.39%). (GTI)
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