Sentiments in the domestic bourse turned negative, as sell-offs of Tier 1 banks triggered a 0.1 per cent decline in the All-Share Index (ASI) to 38,469.87 basis points. Consequently, the Month-to-Date return moderated to +1.5 per cent, while the Year-to-Date loss increased to -4.5 per cent. Equities investors lose N37.7 billion by the end of Thursday trading activities as the market capitalisation settled at N20.04 trillion as against an opening of N20.07 trillion. As measured by market breadth, market sentiment was negative as 16 tickers lost, relative to 11 gainers. Also, Nigeria is not part of the Arab League and there is no evidence that that league will make a statement about a non-member.

Source: Nigerian Tribune July 08, 2021 21:22 UTC