Stock market sheds N150bn as losses persist

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Losses in the nation’s intensified on Wednesday as investors counted losses totalling N150bn since the beginning of August.

The stock market, which had long embarked on a losing streak, with occasional gains on some days, saw its capitalisation drop from N13.508tn on July 31 to N13.358tn on August 7 .

The consumer goods index also shed 0.04 per cent on the back of price depreciation in Flour Mills of Nigeria Plc. The top traded stocks by volume were FBN Holdings Plc , Transnational Corporation Plc and FCMB Group Plc , while MTN Nigeria Communications Plc , FBN Holdings and Zenith Bank were the top traded stocks by value.

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There is no day, nigeria stock market ever do anything but loose.

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