he domestic equities market extended its losses to the second trading session of the week on the back of sustained losses in NIGERIAN BREWERIES , NESTLE and UNILEVER which saw N169bn wiped off investors’ wealth as market capitalisation fell to N11.4tn.
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Sell pressure hits stock market as investors lose N78.7bn – Daily TrustSell pressure in the banking stocks – Guaranty (-3.7%), Stanbic (-5.2%) and FBNH(-2.4%) has seen investors lost N78.7billion in value as market capitalisation fell to N11.6trillion yesterday. It also dragged the benchmark index 67 basis points (bps) lower to settle at 30,829.45 points, while the year to date (YTD) return worsened to -1.9%.ADVERTISEMENT Accordingly, activity …
Source: Daily Trust - 🏆 13. / 51 Read more »