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NSE Capitalization Losses N50bn As Bearish Trend Persists

Posted by Lolade on Fri 26th Jun, 2015 - tori.ng

The Nigerian Stock Exchange Market Capitalization on Thursday, June 25, shed N50 billion on a persistent bearish run.

Trading activities on the floor of the Nigerian Stock Exchange, NSE, continued in the red zone on Thursday, June 25, as the market recorded loss of N50 billion.

The All-Share Index shed 145.22 basis points or 0.4 per cent to close at 33,121.65 index points as against 33,266.87 recorded on Thursday, July 25, while market capitalization of equities plunged by N50 billion or 0.4 per cent to close lower at N11.306 trillion as against N11.356 trillion recorded on Thursday, June 25.

Meanwhile, a turnover of 306.5 billion shares worth N5.2 billion in 3,435 deals was recorded in the day’s trading.

The banking services sector of the financial services sector was the most active during the day (measured by turnover volume); with 142.6 million shares worth N1.6 billion exchanged by investors in 1,223 deals.