By Chinyere Joel-Nwokeoma /Lagos
The Nigerian Stock Exchange (NSE) market capitalisation on Friday closed negatively, for the fifth day, dipping further by N145 billion and recording a loss of N299 billion in two days.
On Thursday, the exchange had pared its stock value by N154 billion, with market capitalization closing at N14.389 trillion.
The free fall continued on Friday, with the market capitalisation shedding N145 billion or 1.01 per cent to close lower at N14.244 trillion.
Similarly, the All-Share Index which opened at 39,723.85 lost 400.23 points or 1.01 per cent to close at 39,323.62 following pride loses.
A breakdown of the price movement table shows that Guinness topped the losers’ chart for the day, shedding N4 to close at N100 per share. Flour Mills Nigeria trailed with a loss of N1.50 to close at N49, Julius Berger was down by N1.45 to close at N27.55 per share, while Glaxosmithkline depreciated by N1.02…
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