The Nigerian equities market opened the week on a softer note, extending its losses to ten consecutive trading sessions as declines in Banking stocks weighed on the Nigerian Exchange. The NGX All-Share Index (NGX-ASI) declined by 0.11% to close at 239,085.17 points, while market capitalisation fell by 0.09% to NGN154.40 trillion from NGN154.53 trillion in the previous session.

The slight difference between the percentage changes in the NGX-ASI and market capitalisation was partly influenced by the listing of additional shares during the session. Prestige Assurance Plc listed 2.37 billion additional ordinary shares arising from its private placement, while International Energy Insurance Plc listed an additional 8.08 billion ordinary shares following its public offer.