Market Capitalisation Drowns In A ₦159bn Massive Dip
May 22, 2022
12:26 pm
Nigeria’s market trading closed on a downward trend on Saturday with red points as the market capitalisation dropped by ₦159 billion to close at ₦28.562 trillion compared with ₦28.721 trillion achieved on Thursday.
In the same vein, the All-Share Index lost 295.53 points or 0.55 per cent to close at 52,979.96 points against 53,275.49 on Thursday. Hence, the Year-to-Date (YTD) performance of the index decreased to 24.03 per cent.
The downturn was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Royal Exchange Assurance, Academy Press, amongst others. However, market closed with 28 gainers relative to …
