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NSE: Market capitalisation drops marginally N2bn | Premium Times Nigeria

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NSE: Market capitalisation drops marginally N2bn

Specifically, the market capitalisation which opened at N12.913 trillion shed N2 billion or 0.02 per cent to close at N12.911 trillion.

Analysts at Afrinvest Ltd said: “We continue to see sell pressures dominate the market as investor sentiment remains weak.The market breadth closed negative with nine gainers against 23 losers. Neimeth International lost 9.35 per cent to close at N1.26, while Chams shed 8.70 per cent to close at 21k per share.

MTN Nigeria Communications increased by 1.64 per cent to close at N118, while Flour Mills rose by 1.52 per cent to close at N20, per share.A breakdown of the activity chart shows that Japaul Oil and Maritime Services was the toast of investors, accounting for 25.01 million shares valued at N6.65 million.

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