Sell pressure persists on NSE, market capitalisation shed N15 billion

Specifically, the market capitalisation lost N15 billion to close at N13.183 trillion compared with N13.198 trillion on Wednesday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, among which are; Stanbic IBTC Holdings, Unilever Nigeria, Dangote Cement, Ecobank Transnational Incorporated and Custodian and Allied. Red Star Express followed with a decline of 9.98 per cent to close at N4.24, while Stanbic IBTC Holdings shed 9.97 per cent to close at N34.30 per share.Cement Company of Northern Nigeria

Unity Bank followed with a gain of 7.81 per cent to close at 69k, while Livestock Feeds appreciated by 7.32 per cent to close at 44k per share.Communications grew by 4.45 per cent to close at N135 per share.

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Investors lose N109bn to depreciation in MTN, other stocks – Daily TrustPrice depreciation in MTNN (-1.3%), GUARANTY (-2.1%) and FBNH (-6.1%) made investors to lose N109 billion as market capitalisation fell to N13.2 trillion at the close of trading on the Nigeria Stock Exchange (NSE) yesterday. The benchmark index went southwards as the All Share Index (ASI) closed 82bps lower to settle at 27,083.11 points while …
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