To this end, Market capitalization dropped by 0.72 percent or N74 billion to close at N10.165 trillion compared with previous appreciation of N81.6 billion to close at N10.239 trillion, bringing the NSE’s Year-to-Date (YTD) returns to 3.34 percent.
The Nigerian Bourse had on Wednesday recovered slightly from a three-day losing streak triggered by last weekend’s decision by United Kingdom, UK, to withdraw from the European Union, EU.
Against the average gain of 0.80 per cent recorded on Wednesday, equities relapsed to the negative on Thursday with average loss of 0.72 per cent. The downtrend yesterday was driven by month-end portfolio review by investors.
Aggregate market value of all quoted equities on the Nigerian Stock Exchange (NSE) dropped by N74 billion from N10.239 trillion to close at N10.165 trillion.
The six-month average year-to-date return for Nigerian equities pared down to 3.34 per cent, highlighting the edgy nature of the recovery that had seen much fluctuation in recent period.
