The Nigerian Stock Exchange dropped by 1.18 percent after 11 days of consecutive uptrend, marking its first loss in the new year.
Report claim that the All-share index lost 350.43 points equivalent to 1.18 percent. Also, the market capitalization shed N181 billion to close at N15, 106 trillion compared to N15, 287 trillion in the previous trading session.
This development was as a result of losses garnered by capitalized stocks like Nigerian Breweries, MTN Nigeria, Dangote Cement, United Bank for Africa and Zenith Bank.
Conversely, the total volume of shares traded increased by 91.47 percent despite the dip in market indices. fffffffffffffff