Nigerian stock market capitalisation sheds N109bn

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Negative sentiments persisted on the Nigerian Stock Exchange (NSE) yesterday with the market capitalisation shedding further N109 billion, while index dropped to 36,000 mark.

The market capitalisation lost N109 billion or 0.81 per cent to close at N13.390 trillion as against N13.499 trillion posted on Monday.

In the same vein, the All-Share Index lost 303.16 points or 0.81 per cent to close lower at 36,963.70 compared to 37,266.86 achieved on Monday.

33 stocks recorded price losses, while 13 posted price appreciation.

Okomu Oil led the losers’ table having lost N7.00 to close at N85 per share.

On the other hand, Dangote Cement led the gainers’ table, gaining N3 to close at N230 per share.(NAN)

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News Agency of Nigeria (NAN) is a news reporting agency owned and run by the Federal Government of Nigeria just like Nigerian Television Authority.[1] On 10 May 1976 the agency was founded and established by Onitsha noble Onuora Nzekwu who was its first official Managing Director and Chief Editor. On 2 October 1978 its operations began.[2][3] NAN provides General News Service to subscribers in three bulletins published daily. The agency’s website www.nan.ng was launched on 8 August 2016, to offer news to the worldwide audience interested in news primarily about Nigeria, Africa’s most populated country. The current Managing Director of NAN is Bayo Onanuga.

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