Equity market sustains bearish trend
Trading activities on the Nigerian Exchange on Wednesday were subdued leading to a marginal depreciation in the market capitalisation
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Trading activities on the Nigerian Exchange on Wednesday were subdued leading to a marginal depreciation in the market capitalisation
Bearish sentiment persisted on the equity market on Thursday with market capitalisation declining further by N481 billion, amid selloffs in Tier- one banking stocks Consequently, the Nigerian Exchange Ltd.(NGX) market capitalisation, which opened at N55.871 trillion, shed N481 billion or 0.86 per cent to close at N55.390 trillion. Similarly, the All-Share Index declined by 0.86
Equity investors lost N437bn on Monday on the back of sell-offs in some stocks.
Adonri, in an interview with NAN in Lagos, stated that investors in the stock market had made a lot of profit, hence the recent sell-offs witnessed in the market. | Pulse Nigeria
Transaction at the stock market on Friday showed that investors gained N899 billion. Specifically, the market capitalisation, which opened at 56.259 trillion, closed at 57.158 trillion, representing 1.57 per cent increase. Also, the All-Share Index also went up by 1,643.79 points or 1.57 per cent to settle at 104,421.23 compared with 102,802.25 posted on Thursday. As