Stocks Plummet Deeper by N331billion on Intense Sale Pressure

Market capitalization saw a heavy fall on Monday, January 18, as the equities market sustained a downward trajectory on the back of further intense sale pressure.

At the end of transaction, the market capitalization of 190 listed equites slumped by N331 billion from N8.087 trillion it opened the week to close at N7.756 trillion.

At the end of yesterday trading the year to date losses have increased to 21.27 per cent.

Market breadth closed negative as Continental Insurance Plc led 6 gainers against 37 losers topped by Lafarge Africa Plc at the end of the trading which was an improved performance when compared with previous outlook.

Volume and value of trades recorded a decline of 58.81 per cent and 72.91 per cent respectively from their previous trading levels.