NSE market capitalisation opens March trading with N208bn loss

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The Nigerian Stock Exchange (NSE) market capitalisation opened trading for March on Monday with a loss of N208 billion amid losses in blue chips.

) market capitalisation opened trading for March on Monday with a loss of N208 billion amid losses in blue chips.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which were; Nestle Nigeria, Chemical and Allied Products, Lafarge Africa, Unilever and Guaranty Trust Bank. AIICO Insurance followed with 7.79 per cent to close at 83k, while Eterna appreciated by 5.53 per cent to close at N2.10 per share.

Nigerian Aviation Handling Company and CAP followed with a decline of 9.96 per cent each, to close at N2.35 and N22.15, respectively, while Learn Africa dropped 9.82 to close at N1.01per share.The total volume of shares traded closed lower with an exchange of 325.26 million shares worth N6.03 billion traded in 5,054 deals.

 

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