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Sell pressure persists on NSE, market capitalisation shed N15 billion

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The Nigerian equities market maintained a negative session on Thursday with the market capitalisation dipping further by N15 billion.

Specifically, the market capitalisation lost N15 billion to close at N13.183 trillion compared with N13.198 trillion on Wednesday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, among which are; Stanbic IBTC Holdings, Unilever Nigeria, Dangote Cement, Ecobank Transnational Incorporated and Custodian and Allied. Red Star Express followed with a decline of 9.98 per cent to close at N4.24, while Stanbic IBTC Holdings shed 9.97 per cent to close at N34.30 per share.Cement Company of Northern Nigeria

Unity Bank followed with a gain of 7.81 per cent to close at 69k, while Livestock Feeds appreciated by 7.32 per cent to close at 44k per share.Communications grew by 4.45 per cent to close at N135 per share.

 

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