Stock Market Sheds N148bn On Losses In Aradel Holdings, 22 Others …C0NTINUE READING HERE >>>
The domestic stock market yesterday halted a two-day bullish close as selloffs in Aradel Holdings Plc and 22 others pulled the overall capitalization lower by N148 billion.
As a result, the All-Share Index declined by 249.40 points, representing a decline of 0.25 per cent to close at 98,291.53 points. Also, market capitalisation declined by N148 billion to close at N59.559 trillion.
The downturn was driven by price depreciation in large and medium capitalised stocks amongst which are; Aradel Holdings, Okomu Oil, Nestle Nigeria, Custodian Investment and Fidelity Bank.
Investor sentiment,…
>