The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi SotundeThe market capitalisation of the Nigerian Stock Exchange closed lower on Thursday, dropping by N8 billion.
The downturn was impacted by losses recorded in medium and large capitalised stocks, among which are the Guaranty Trust Bank, Dangote Flour Mills, Zenith Bank, United Bank for Africa and Lafarge Africa. Guaranty Trust Bank decreased 1.30 per cent to close at N26.65, while Transcorp shed 0.98 per cent to close at N1.01 per share.