NSE: Market capitalisation loses N265bn as bearish trend persists

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The Nigerian equities market dipped further on Thursday with the market capitalisation losing N265 billion within seven hours of trading due to price loses by blue chips.

Specifically, the market capitalisation closed lower at N13.993 trillion having lost N265 billion or 1.86 per cent from the N14.258 trillion achieved on Wednesday.

Also, analysts at Cordros Capital said: “our projection for equities in the short to medium-term remains conservative amidst the absence of any catalyst of market returns.” Cement company of Northern Nigeria was down by N1.50 to close at N13.85, while Dangote Cement dipped by 50k to close at N173 per share.

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