Business Report From Last Week

Business Report From Last Week

Equities: Companies’ losses dip market capitalisation to N8.73trn Equities trading at the Nigerian Stock Exchange on Thursday, reversed the positive trend achieved in the last two trading sessions to close in red as benchmark indices closed 0.34 per cent lower against the ascent of 0.04 per cent recorded previously.

Rotimi Agboluaje reports that the NSE All-Share Index (ASI) and market capitalisation closed at 25,369.52 points and N8.73 trillion respectively compared to the closing figures of 25,455.69 points and N8.756 trillion achieved on Wednesday.

The day’s index decline was as a result of losses in the price of blue chip stocks of major players in the sector. On the whole,investors on the floor of the Nigerian Stock Exchange thus traded a total of 264.7 million shares worth N1.31 billion in 3,033 deals as against a total of 203 million shares worth N885.63 million traded by investors on Wednesday.

 

Report From Impact Business Radio, Ibadan

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