News Formal

Capitalisation dips by N46 billion amid losses in 27 stocks

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 94%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The hike in interest rates impacted negatively on the domestic equities market yesterday market capitalisation declined by N46 billion,

amid sell pressure in 27 stocks with a decline of N46 billion.

The downturn was driven by price depreciation in large and medium-capitalised stocks amongst which are; Zenith Bank, Custodian Investment, Vitafoam Nigeria, United Bank for Africa and John Holts. As measured by market breadth, market sentiment was negative, as 14 stocks gained relative to 27 losers. Ikeja Hotels emerged as the highest price gainer of 7.58 per cent to close at N7.10 kobo.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gains in 35 stocks lift market capitalisation by N95 billionThe domestic equities market reversed losses to reopen upbeat, yesterday, as market capitalisation appreciated by N95 billion
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Capitalisation rises by N131 billion amid gains in 29 stocksThe Nigerian equities market sustained rising profile, yesterday, as market capitalisation increased by N131 billion amid price appreciation
Source: GuardianNigeria - 🏆 1. / 94 Read more »