NSE: Investors net worth drop by N110bn

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Nigerian Stock Exchange

By Chinyere Joel-Nwokeoma

The Nigerian equities market opened trading for the week on Monday on a negative mood with the market indicators shedding 0.79 per cent.

Specifically, the market capitalisation shed N110 billion or 0.79 per cent to close at N13.812 trillion compared with N13.922 trillion achieved on Friday.

Also, the All-Share Index which opened at 28,566.79 dipped 225.76 points or 0.79 per cent to close at 28,341.03, following price loses.

Investors traded 175.168 million shares worth N2.144 billion in 3111 deals against 100.373 million shares valued at N1.459 billion exchanged hands the previous day in 2,707 deals.

A breakdown of the price movement chart indicates that Total recorded the highest loss to lead the losers’ chart with N10 to close at N130 per share.

Dangote Cement trailed with a loss of N3 to close at N170, while Guaranty Trust Bank dipped by 90k to close at N29 per share.

MTN Nigeria Communications decreased by 65k to close at…



Source: News Agency of Nigeria