Nigeria's equity market suffers ₦51 billion drop

Specifically, the market capitalisation opened at ₦55.861 trillion to close at ₦55.810 trillion, representing 0.09% decrease.

The All-Share Index also dropped by 0.09% or 93 points, to close at 101,995.53, as against 102,088.30 posted on Friday. Consequently, the Year-To-Date (YTD) return fell to 36.41%.

The downward performance was dues to selloffs in some of the stocks of Tier-one banks such as FBN Holdings, United Bank for Africa (UBA) and Zenith Bank as well as Dangote Cement.

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