Bearish Trading Closes with N47 billion Loss In the Stock Market.

0 27

Due to profit-taking actions by Dangote Cement Plc and 20 other companies, the Nigerian stock market ended down by N47 billion. The All-Share Index dropped 85.80 absolute points, or 0.16 percent, to finish the day at 52,615.51 points. The overall market capitalization value decreased by N47 billion to close at N28.658 trillion.

Price declines in large and medium capitalized stocks, including Dangote Cement, Dangote Sugar Refinery, Lafarge Africa, Geregu Power, and Nigerian Exchange Group, were the primary cause of the market loss. The overall volume of trades, valued at N4.472 billion and completed in 3,377 transactions, decreased by 4.61 percent to 217.946 million units.

Punch.

Leave A Reply

Your email address will not be published.

%d bloggers like this: