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Article: Nigeria : Profit-taking drags down share value by N33bn.
- Article from:
- TendersInfo
- Article date:
- October 1, 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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Provoked by profit taking activities of investors in the Nigerian Stock Exchange (NSE), the value of listed equities dropped, Monday, by N32.85 billion.
Specifically, the value of listed equities, represented by the market capitalisation, depreciated by 0.63 per cent to close at N5.159 trillion, from N5.192 trillion at which it opened.
The All-share index, another performance indicator, also dipped by 0.63 per cent to close at 22,190.87 points from 22,332.15 points at which it opened.
The decline was brought about by losses on the share prices of major blue chip companies, after gains recorded after the visit of the Governor of the Central Bank ...
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Article: Nigeria: Market capitalisation down as bears dominate trading on ...
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... ... transaction include NASCON Nigeria Plc, Fidelity Bank Plc, Japaul Oil and Maritime ... Services Plc, Chams Nigeria Plc and Cornerstone Insurance ... Plc, First Bank of Nigeria Plc, Zenith Bank International ... Plc, Guaranty Trust Bank Plc and Oceanic Bank ...
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