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Article: Nigeria: Oando, CAP lead losers, as market value drops by N3.7bn.
- Article from:
- TendersInfo
- Article date:
- November 29, 2008
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Byline: Mamta03
OANDO Plc and CAP Plc recorded the highest share price loss on the Nigerian Stock Exchange (NSE) yesterday, as sthe value of listed equities dipped by N3.72 billion.
This was following the persistence of the bears, which deflated the market capitalisation and the All-Share Index by 0.05 per cent each. The capitalisation which opened at N7.399 trillion dropped by N3.72 billion to close at N7.396 trillion while the index shed 16.86 basis points to close at 33,513.72 points from 33,530.58 points.
Experts in the capital market have attributed the decline in the market to the forthcoming Muslim and Christian holidays. According to ...