Market Capitalisation Drops By N25bn

Transactions on the Nigerian Stock Exchange (NSE) closed on Thursday after the holiday on a downward trend with the market capitalisation depreciating by N25 billion or 0.18 per cent following the price losses recorded by some major stocks. The market capitalisation closed lower at N13.582 trillion from the N13.607 trillion recorded on Tuesday.

Also, the All-Share Index, which opened at 41,210.10, dropped by 74.35 points to close at 41,135.75. Nestle led the losers’ chart by N39.97 to close at N1, 050.03 per share. Guinness followed with a loss of N10.74 to close at N204.24, while Seplat lost N5 to close at N640 per share. PZ Cussons dipped by N1.75 to close at N33.25, while Dangote Cement decreased by N1.16 to close at N220.84 per share. On the other hand, Stanbic IBTC led the gainers’ chart by N1.40 to close at N35 per share.

 

Source : Leadership

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