Last week, the domestic equities market erased all the gains from the prior week, primarily triggered by losses in large cap counters across the Industrial and Telecoms sector. The benchmark NSEASI shed 1.6% w/w to settle at 39,198.75 points as market capitalization fell to N20.5tn while YTD loss worsened to 2.7%. Activity level was mixed as total volume traded declined by 8.2% w/w, whilst total value traded was up 32.0% w/w.
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