Nigerian Stock Market Declines as ASI Drops 0.90% Amid Broad Selloffs The Nigerian equities market closed lower as the All‑Share Index (ASI) fell by 0.90% to 194,484.61 points , reflecting a sharp downturn across several major sectors. Market capitalization declined by N1.1 trillion , ending the session at N124.8 trillion . The decline highlights renewed investor caution amid ongoing macroeconomic pressures. Equities Market Weakens as Large‑Cap Stocks Decline The negative performance was driven by significant losses in key large‑cap stocks, including BUA Foods (-9.99%) , MTN Nigeria (-2.56%) , Stanbic IBTC (-5.35%) , and Nigerian Breweries (-1.03%) . Market breadth weakened to 0.65x , with 40 losers outpacing 26 gainers , underscoring broad selling pressure. Despite the bearish sentiment, Jaiz Bank recorded a full‑day gain of 10% , emerging as the top performer. On the downside, DAAR Communications and Tantalizer both declined by 10% , leading the laggards. Trading acti...