Market Capitalisation Declines By N139bn On Profit-Taking

Transactions on the Nigerian Stock Exchange (NSE) yesterday closed on a downward note on profit taking as major stocks recorded huge losses.

The market capitalisation of the listed equities fell by N139 billion to close at N13.397 trillion, down from N13.536 trillion at the close of Wednesday. Also, the Nigerian Stock Exchange All Share Index declined by 422.77 basis points or 1.03 per cent from 40,995.02 basis points to close at 40,572.25 basis points.

Forte Oil lost N7.45 to lead the losers’ chart and closed its shares’ value at N217.55 per share. Dangote Cement’s stock depreciated by N4.65 to close at N215.15, while Total dipped by N4.50 to close at N175.50 per share.

Glaxosmithkline lost N1 to close at N61 and CCNN fell by 73 kobo to close at N15.02 per share.

Source : Leadership

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