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Nigerian Stocks Value Dips Further By N260bn

The Nigerian stock market finally entered the bear zone after yesterday’s negative Year-to-Date (YtD) return of 13 percent.

The stock market, which has been at the mercy of continuing sell-off by foreign and local investors, declined by 2.14 percent as evidenced in the decline of the Nigerian Stock Exchange (NSE) All Share Index (ASI) and the market capitalisation.

The NSE All Share Index which opened yesterday at 36,744.46 points closed at 35,958.38 points at the close of deals; while market capitalisation declined by N260bn to close at N11.910trn against preceding level of N12.170trn.

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