Newsmen reports that the market capitalisation on Tuesday, nosedive by N120 billion or 1.02 per cent to close at N11.677 trillion against N11.797 trillion on Monday.
Commenting, Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., told NAN that the lull was due to low liquidity in the system.Omordion said that the low liquidity was as a result of the early exit of smart money in the market. Meanwhile, Mobil recorded the highest loss during the day, declining by N5.10 to close at N165 per share.
Africa Prudential increased by 12k to close at N4.92, while Union Bank of Nigeria gained 10k to close at N7 per share.
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Mixed earnings: NSE indicators maintain negative outlookActivities on the Nigerian Stock Exchange (NSE), for the second consecutive day, maintained bearish trend, dropping further by 1.02 per cent...
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