Bears maintain dominance on NSE, market drops further by N15bn
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The bears maintained leadership on the Nigerian Stock Exchange (NSE) on Wednesday with investors losing N15 billion due to persistent profit taking on blue chips.
Specifically, the market capitalisation dipped N15 billion or 0.07 per cent to close at N21.169 trillion in contrast with N21.184 trillion recorded on Tuesday.
Also, the All-Share Index dropped 29.03 points or 0.07 per cent to close at 40,465.32 from 40,494.35 posted on Tuesday.
The month-to-date loss increased to 4.6 per cent, while the year-to-date gain moderated to 0.50 per cent.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Beta Glass, Japaul Gold, Fidson Healthcare, Consolidated Hallmark Insurance and Vitafoam.
Stock market bearish as capitalisation plunges by N41 billion guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
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