The All Share Index (ASI) declined by 27 bps closing at 28,337.49 while market capitalization shed N40.68bn to close at 14.81 trillion amidst extended profit-taking and business disruptions brought by ‘ENDSARS’ Protest.

Sector performance was bearish with 4 out of the five sectors closing in the negative territory. Insurance and industrial indices waned by 1.78% and 0.54% respectively on due to selloffs MANSARD AND BUACEMENT.

Similarly, Consumer Goods and Banking indices declined by 0.91% and 0.06% on the back of negative sentiment in the shares of flourmill and GUARANTY. Oil and gas index however advanced by  1.36% as investors scramble for ETERNA and SEPLAT stocks.

SOURCE: https://brandspurng.com/2020/10/12/equities-market-opened-the-week-on-a-negative-note-amid-nationwide-protest/