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Stock Market Down N615bn on Sell-off in Dangote Cement, MTN, Others – THISDAYLIVE

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Stock Market Down N615bn on Sell-off in Dangote Cement, MTN, Others Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday extended losses for the second consecutive session, bringing the ov

The stock market of the Nigerian Exchange Limited yesterday extended losses for the second consecutive session, bringing the overall market capitalisation down by N615 billion to drop below N26 trillion.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are: Dangote Cement that depreciated by 9.1 per cent and MTN Nigeria Communications was down by 4.3 per cent. Dangote Cement followed with a decline of 9.06 per cent to close at N241.00, while Japaul Gold and Ventures went down by 8.11 per cent to close at 34 kobo, per share.

Transactions in the shares of Japaul Gold and Ventures topped the activity chart with 23.180 million shares valued at N8.951 million.

 

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