THE persistent downward trend on the Nigerian Stock Exchange (NSE) continued on Wednesday with Dangote Cement leading the losers’ table.
The News Agency of Nigeria (NAN) reports that the stock lost N3 to close at N190 per share.
Nigeria Breweries trailed with a loss of 40k to close at N79, while Zenith Bank was down by 35k to close at N23.25 per share.
Oando dropped by 30k to close at N4.65, while FBN Holdings shed 25k to close at N7.10 per share.
Consequently, the market capitalisation dipped further by N55 billion or 0.48 per cent to close at N11.325 trillion compared to N11.380 trillion on Tuesday.
Also, the All-Share Index which opened at 31,173.71 lost 150.24 points or 0.48 per cent to close at 31,023.47.
Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said that the continued selloffs had depressed the market further.
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