Election postponement thwart Investor’s sentiment as equities market down by 1.61%

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By Kayode Tokede

The Equities market of the Nigerian Stock Exchange (NSE)  shed 1.61per cent as investors sentiment turned sour on the first trading day of the week since the reschedule of the 2019 general elections.

All market sectors declined with Banking and Oil/Gas sectors posting the  highest decline.

The All Share Index (ASI) shed 525.13 basis points, representing a dip of 1.61per cent,  to close at 32,190.07 basis points.

Similarly, Market Capitalization dropped by N195.84 billion representing a decline of1.61per cent, to close at N12.00 trillion.

Market breadth also closed negative, recording 37 gainers and 12 losers.

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