The bears strengthened their hold on the equity sector of the Nigerian Stock Exchange (NSE), as virtually all the blue-chip stocks recorded price depreciation at the end of yesterday’s transactions, causing market capitalisation to dip further by N155 billion.
Specifically, at the close of transactions yesterday, , the All-Share Index shed 426.70 absolute points, representing a decline of 1.06 per cent to close at 39,723.85 points from 40,150.55.
Similarly, the market capitalisation of listed equities depreciated by N155 billion from N14.543 trillion to N14.389 trillion.
Similarly, the market capitalisation of listed equities depreciated by N155 billion from N14.543 trillion to N14.389 trillion.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Nigerian Breweries, Flour Mills Nigeria, Cement Company of Northern Nigeria, Zenith Bank and Dangote Sugar.
No comments:
Post a Comment