Investors lost N109 billion on the floor of the Nigeria Stock Exchange (NSE) in the first two days of the week, following persistent declines in total value of shares listed on Exchange.
Data from the NSE revealed that the market capitalisation, which represents total value of shares on the exchange, fell by N31.1 billion on Monday and further by N78.6 billion yesterday. On Monday capitalisation fell from N9.376 trillion to N9.344 trillion, while it fell further to N9.266 trillion.
Following the same pattern, the NSE All share Index fell from 27,631 last week to 27,205 on Monday, and further to 26,950, Tuesday.
Last week, the NSE All-Share Index and Market Capitalization depreciated by 1.31 percent to close the week at 27,269.71 and N9.376 trillion respectively.
