Opening the week on Monday, investors on the Nigerian stock market lost N750 billion from their portfolios as bearish sentiment persisted.
Specifically, selloffs in the stocks of Dangote Cement, alongside Tier-one banks, namely; Guaranty Trust Holding Company (GTCO),FBN Holdings, among other declined equities pulled the market’s performance down.
The market capitalisation which opened at N55.132 trillion, shed N750 billion or 1.36 per cent to close at N54.382 trillion.
The All-Share Index also lost 1.36 per cent to close at 95,781.68 points, against 97,100.31 recorded on Friday.
Consequently, the Year-To-Date (YTD) return fell to 28.10 per cent.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
