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Article: Nigeria: Investors Fortunes Decline By N87.82bn.
- Article from:
- TendersInfo
- Article date:
- September 15, 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
The bears' rampage on the stock market persisted last week with value of listed equities dipping by N87.82 billion, occasioned by losses in the share prices of most of the blue chip companies.
Specifically, market capitalisation which opened the week at N5.012 trillion, shed N87.82 billion to close at N4.924 trillion, while the index dipped by 383.1 basis points to close the week at 21,483.02 points from 21,866.12 points at which it opened, representing 1.75 per cent decrease apiece.
Guinness Nigeria Plc recorded the most share price loss, dropping by N4.73k to close at N130.37k per share, followed by Chevron Oil Nigeria Plc with ...
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