STOCKS FALL FURTHER, MARKET CAP DROPS BELOW N21TN

NIGERIA’S STOCK MARKET EXTENDED ITS DECLINE ON THURSDAY AS THE MARKET CAPITALISATION DROPPED BELOW N21TN.

THE NIGERIAN STOCK EXCHANGE ALL-SHARE INDEX FELL BY 0.31 percent TO CLOSE AT 40,095.49 BASIS POINTS FROM 40,221.30 BASIS POINTS ON WEDNESDAY.

THE MARKET CAPITALISATION OF EQUITIES DECLINED TO N20.98TN ON THURSDAY FROM N21.04BN ON WEDNESDAY.

A TOTAL OF 326.04 MILLION SHARES VALUED AT N371BN WERE TRADED IN 4,567 DEALS ON THURSDAY.

TWENTY-FOUR FIRMS SAW THEIR SHARE PRICES DROP AT THE END OF TRADING ON THE FLOOR OF THE NSE