Market dives below N15tn as investors lose N267bn

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The market capitalisation of equities on Wednesday dropped below N15tn as investors recorded losses totalling N267bn in three consecutive days.

The stock market had opened the week on a bearish note, losing N39bn as the market capitalisation dropped to N15.22tn from the N15.26tn recorded on Friday.

The most active stocks by volume were Zenith Bank Plc , Unilever Nigeria Plc and GTB while MTN Nigeria , Zenith Bank and GTB were the top traded stocks by value.The AFR-ICT index declined the most as investors dumped MTN Nigeria shares due to price depreciation. Similarly, sell pressures in Lafarge Africa Plc dampened the performance of the industrial goods index, which declined by 0.18 per cent.On the flip side, the consumer goods and oil and gas indices gained, up by 0.39 per cent and 0.36 per cent buoyed by price appreciation in Nigerian Breweries Plc, Flour Mills of Nigeria Plc and Oando Plc.

 

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But when the market Gain over 500bn u didn't report it?.toilet paper ishakaa

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