STOCK INVESTORS LOSE N1.37TN IN ONE MONTH

Written by on March 1, 2021

INVESTORS IN THE NIGERIAN STOCK MARKET RECORDED A TOTAL LOSS OF N1.37TN IN FEBRUARY AS MARKET CAPITALISATION TUMBLED BELOW N21TN AMID PROFIT-TAKING.

INVESTORS HAD GAINED OVER N1.13TN IN JANUARY AS THE MARKET CAPITALISATION CLOSED AT N22.19TN FROM N21.06TN AT THE START OF THE MONTH.

THE NIGERIAN STOCK EXCHANGE ALL-SHARE INDEX CLOSED AT 39,799.89 BASIS POINTS IN FEBRUARY FROM 42,412.66BPS AT THE END OF JANUARY.

THE MARKET CAPITALISATION OF EQUITIES TUMBLED TO N20.82TN ON FRIDAY FROM N22.19TN AT THE END OF JANUARY.THE ASI AND THE MARKET CAPITALISATION DECLINED BY 0.96 PER CENT LAST WEEK.


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