Markets
NSE Market cap declines as hoodlums attack Lagos
The Nigerian Stock Exchange (NSE) market indices on Wednesday recorded a marginal decline following wanton attacks by hoodlums in Lagos.
Specifically, the market capitalisation which opened at N14.983 trillion declined by N113 billion to close at N14.870 trillion.
Also, the All-Share Index fell by 0.75 per cent to close at 28,449.49 from 28,665.82 achieved on Tuesday.
The decline was impacted by loses recorded in large and medium capitalised stocks, amongst which include the MTNN, Guinness, ARDOVA, WAPCO and Julius Berger.
On the other hand, NB dominated the gainers’ chart followed by PORTPAINT.
Other gainers are WAPIC, UAC PROP and DEAPCAP.
The attacks and destruction in Lagos following the killing of peaceful protesters at the Lekki toll gate Tuesday night. By morning, hoodlums took to the streets attacking major buildings, TV stations and police stations.
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