Equity market loses N83bn in one week

The Nigerian Exchange lost N83bn last week as both the All-Share Index and market capitalisation depreciated by 0.15 per cent due to sell-offs in big stocks. The ASI closed the week at 96,433.53 points, while the market capitalisation settled at N55.39tn. Despite a downward trend, the NGX Oil and Gas Index bucked the market’s performance