N439BN WIPED OFF MARKET VALUE IN WEEKLY DECLINE

The Nigerian Exchange Limited closed the week bearish with a N439bn dip in market capitalisation, dragging the All-Share Index down 0.50 per cent to 140,295.50 points.

Equities listed on the Nigerian Exchange Limited lost a total of N439bn in market capitalisation last week as sustained bearish sentiment dragged the All-Share Index and other performance indicators lower.

Figures obtained from the NGX showed that the market capitalisation fell 0.49 per cent to close at N88.769tn, down from N89.208tn recorded the previous week. Similarly, the NGX All-Share Index depreciated 0.50 per cent to settle at 140,295.50 points compared with 141,002.76 points posted the preceding week.