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Article: Nigeria: Market value plunges by N194bn.
- Article from:
- TendersInfo
- Article date:
- July 13, 2009
CopyrightCOPYRIGHT 2009 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: shiv03
Occasioned by heavy losses on the share prices of majority of the quoted companies on the Nigerian capital market , the value of listed equities in the Nigerian Stock Exchange (NSE) dipped last week by N194.18 billion.
Particularly, the market capitalisation, representing the value of listed equities, dipped by 3.14 per cent to close at N5.983 trillion from N6.177 trillion at which it opened the week.
The All-share index, another key market indicator, also dipped by 3.64 per cent to close at 26,100.64 points from 27,086.56 points at which it opened the week.
Meanwhile, First Bank of Nigeria Plc announced its audited ...
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