NGX market capitalisation extends loss by N24bn - Punch Newspapers

The domestic bourse closed negative on Wednesday with the market capitalisation dropping by N24 billion taking the trading losses to three consecutive sessions.

The market negative performance was driven by price depreciation in large and medium capitalised stocks amongst which are; Guaranty Trust Bank Holding Company, Zenith Bank, Stanbic IBTC Holdings, International Breweries and SCOA.SCOA dominated the losers’ chart in percentage terms by 9.72 per cent to close at N1.30 per share.

Universal Insurance followed with a gain of five per cent to close at 21k, while Sovereign Trust Insurance went up by 4.17 per cent to close at 25k per share.

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