Equity market records N102bn loss

The Nigerian Exchange on Monday lost N102bn, underpinned by losses in First Bank of Nigeria Holdings, Seplat Energy and Transcorp. The All-Share Index declined and market capitalisation by 0.18 per cent to settle at 99,118.86 basis points and N56.07tn, respectively. The day’s trading saw a prevalence of bearish activity with the exchange witnessing more decliners