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NSE market capitalisation drops further by N17bn

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The Nigerian Stock Exchange (NSE) market capitalisation closed trading for the week on Thursday with a loss of N17 billion.

Nigerian Stock Exchange Specifically, market capitalisation dipped N17 billion or 0.13 per cent to close at N13.136 trillion against N13.153 trillion posted on Wednesday.

Analysts noted that the market sustained prior day decline on profit taking in stocks that have gained over time. Japaul Oil garnered 8.70 per cent to close at 25k, while AIICO Insurance appreciated by 6.31 per cent to close at N1.18 per share. Oando lost 7.14 per cent to close at N2.60, while Julius Berger shed 6.59 per cent, to close at N19.85, per share.

Transactions in the shares of Guaranty Trust Bank topped the activity chart with 81.21 million shares worth N2.02 billion.

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