Global oil price: NSE market capitalisation loses N152bn

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Sverige Senaste nytt,Sverige Rubriker

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday inched lower by N152 billion, amid sell pressure in 27 stocks.

Specifically, the market capitalisation which opened at N11.945 trillion lost N152 billion or 1.27 per cent to close at N11.794 trillion.

Mr Omordion added that negative news of further crash in crude oil prices as supply remained high on low demand due to global lockdown contributed to the price drop. Champion Breweries and Oando dominated the losers’ chart in percentage terms, dropping by 10 per cent each, to close at 81k and N2.25 per share, respectively.Fidelity Bank lost 8.99 per cent to close at N1.72, while Chams shed 8.70 per cent to close at 21k per share.

 

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The Nigeria stock exchange is still asleep, I am not sure they are yet to understand the effect of this situation. wall street is doing more even with the same situation,nigeriastockexchange you need more young minds

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Sverige Senaste nytt, Sverige Rubriker