Monday, 23 May 2011

Equities value plunges by N5bn, trading closes for Easter

BY PROVIDENCE OBUHThe Nigerian Stock Exchange (NSE) opened for four days last week following a public holiday declared to commemorate Good Friday celebration as the value of listed equities dropped by N5.33 billion.In particular, the market capitalisation of the 194 First -Tier equities declined by 0.07 per cent to close at N7.994 trillion from N7.999 trillion at which it opened the week under review.Another key performance index, the All-Share Index depreciated by 16.67 points or 0.07 per cent to close at 25,020.08 points from 25,036.75 points.Nestle Nigeria Plc led 34 other stocks on the losers’ table, dropping by N84.17 or 18.62 per cent to close at N367.83 per share, African

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