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Article: Nigeria : Bears depress NSE market value by N35bn.
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
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Byline: babalu03
The bearish trend in the Nigerian Stock Exchange (NSE) continued Monday, as equities value depreciated by N35.46 billion.
In particular, the market capitalisation and All-share index, representing equities value, both dropped by 0.7 per cent. The capitalisation closed at N5.040 trillion from N5.076 trillion at which it opened, while the index shed 150.32 basis points to close at 21,366.97 points from 21,517.29 points at which it opened.
The dip in the market indices was as a result of losses on the share prices of major blue chip companies, led by Total Nigeria Plc with a loss of N8.00 to close at N152.00 per share, Conoil Plc ...