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Article: Nigeria: Bears deflate index, capitalisation by 9%.
- Article from:
- TendersInfo
- Article date:
- June 24, 2008
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Byline: Mamta03
bearish trend was recorded on the Nigerian Stock Exchange (NSE) last week, as the All-share index and market capitalisation both dropped by 9.65 per cent and 9.53 per cent respectively.Particularly, the index which opened the week at 60,191 points lost 5,809.21 basis points to close at 54,382.21 points while the capitalisation closed at N10.60 trillion from N11.72 trillion at which it opened the week.
The drop in the indices was occasioned by losses on the share prices of majority of the listed equities, with Total Nigeria Plc recording
the highest share price loss, dropping by N12.54 to close at N238.38 per share, Guinness ...