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Nigeria Equity Watch | 7 July 2015 : NSE Maintains Losing Streak to Fifth Day… ASI down 21bps
Lagos, Nigeria (Capital Markets in Africa) — The sell pressure on the Nigerian bourse continued as the All Share Index (ASI) dipped 0.2% to close at 32,380.26pts. This drove 1-Week performance and YTD return to -3.2% and -6.6% respectively. Following the trend, investors lost N21.8bn at the close of trade, bringing market capitalization to N11.1tn. Today’s decline was broadly driven by further depreciation in Banking and Consumer Goods bellwethers – UBA (-6.2%) and NIGERIAN BREWERIES…
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