300412: NSE ASI dips by -0.29%; FCMB grows PAT by +153%

Equity market closed southwards to open the first trading day of the week pessimistic as sell pressure outweighed bargain hunting in some sectors across the main board despite increased volume turnover and Naira votes while market breadth closed appreciably flat.

Nevertheless, the key benchmark indices maintained downtrend as sentiments remained negative, taking hits majorly from Small CAP stocks which was particularly driven by OKOMUOIL while Medium CAP stocks also contributed to the outlook recorded today due to selling activities witnessed in Financial Services and Consumer Goods sectors.

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