The Nigerian equity market on Friday closed lower, extending losing streak to six consecutive trading days,  following the report of the first case of Coronavirus in Nigeria. Consequently,the market breadth closed negative, recording 2 gainers against 41 losers.

In summary, the All-Share Index (ASI) decreased by 591.78 absolute points, representing a dip of 2.21% to close at 26,216.46 points. Similarly, the overall Market Capitalization size shed N308.29 billion, representing a dip of 2.21% to close at N13.66 trillion.

VITAFOAM emerged as the top gainer while NB, ETI, OANDO, CADBURY, PZ & NEM emerged as top losers.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; NB (-10.00%),ETI (-10.00%), CADBURY (-10.00%), GUARANTY (-9.85%), UACN (-8.64%), FBNH (-7.84%), ACCESS (-6.29%), UBA(-4.29%), ZENITHBANK (-2.63%) and MTNN (-1.87%).