The Nigerian bourse on Wednesday closed lower to reverse the previous day’s gain following fear of insecurity arising from #EndSARS protest that degenerated into mayhem across the country.
Hoodlums had set some key infrastructures ablaze in Lagos, the commercial capital of the nation, which dampened investors ‘sentiment.
The equity market declined by N113bn as bears maintained their grip on the local bourse.
Market breadth closed negative as Royal Exchange lead 33 other losers to close the trading session on the negative note.
Consequently, the All-Share Index dipped 216.333 basis points or 0.75 per cent to close at 28,449.49 index points as against 28.665.82 recorded the previous day.
Market capitalisation of equities depreciated by N113bn from N14,98tn the previous day to N14.87tn as market sentiment remained on the negative territory.