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Article: Nigeria: Market capitalisation down as bears dominate trading on the Exchange.
- Article from:
- TendersInfo
- Article date:
- December 13, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
PRICE losses continued to outweigh gains in the equity sector of the Nigerian Stock Exchange (NSE), putting the bears on a sustained lead of the bulls, as market indices fell further by 2.2 per cent.Precisely, at close of trading yesterday, corporate performance indices, the All-share index of NSE depreciated by 663.5 points, from 29,925.24 recorded on Wednesday to 29,261.75 , while market capitalisation dropped by N200 billion or 2.2 per cent, from N6.6 trillion to N6.4 trillion.On the price movement chart, one of the petroleum marketing giants, Oando Nigerian Plc, led the bulls up, adding 321 kobo, to close at N67.41 per share, while Nigerian ...
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