Stock Market Sheds N426bn As Bearish Streak Persists

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The bearish streak on the Nigerian Exchange persisted yesterday as the market capitalisation shed N426.06 billion to close at 26.188 trillion from N26.614

FTN Cocoa Processors and NEM Insurance led the gainers’ chat with 10 per cent each closing at 33k an N4.40 per share respectively. Honeywell Flour Mill followed with 9.89 per cent to close at N2.89 per share.

Eterna Oil went down by 8.33 per cent to close at N6.05 per share and Nigerian Aviation Handling Company depreciated by 7.56 per cent to close at N5.50 per share.This an increase of 66.34 per cent when compared with 122.74 million of share units worth N1.3 billion in 3,915 deals on Monday.

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