Nigerian Equities Market Extends Losing Streak, UPDC Plc Leads Gainers

The Nigerian equities market continued its bearish trend with a 0.36% decline in the All-Share Index, driven by profit-taking in major blue-chip and mid-tier stocks. UPDC Plc led the gainers with a 9.83% increase, followed by FCMB Group and Omatek Ventures.

On the flip side, Legend Internet Plc and Champion Breweries were the top losers. The market breadth remained negative with more losers than gainers, reflecting a bearish sentiment in trade activity.