Business
NSE Capitalisation Drops N43bn
As Nigerian Stock Market struggles to take shape after the petrol subsidy crisis, the market capitalisation of the traded equities at the end of transactions on Wednesday dropped N43 billion to close lower at N6.5 trillion, compared to N6.6 trillion traded by investors on Friday.
All shares market index also closed lower at 20,683.46 points as against 20,820.32 points traded by investors on Friday shedding 136.86 points or 0.7 per cent.
The volume of traded shares however, appreciated by 15,593,047 shares or 9.1 per cent, closing positively at 187, 084,595 shares, compared to 171,491,548 shares traded on Friday by investors.
Equity value declined by 15.6 per cent of N214.7 million to close at N1.2 billion as against N1.4 billion traded by investors on Friday on the floor of the exchange.