290312: Market CAP sheds N160bn in five days; IBTC proposes 10k dividend
The bears continue to dominate market activities for the fifth consecutive session due to continued sell pressure to further extend market losses just as market breadth also closed considerably depressed as against previous outlook amid low volume turnover and Naira votes.
Furthermore, market YTD performance currently stands at +0.41%.
Nevertheless, the key benchmark indices sustained bearish sentiments, taking hits majorly from Large CAP stock which was particularly driven by NESTLE while Medium CAP stocks also contributed to the outlook recorded today due to selling activities witnessed in Conglomerates, Consumer Goods Financial Services and Oil & Gas sectors.
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