Global price crash shocks Nigeria’s capital market

LAGOS—Last week’s massive losses in the international commodities and financial markets have resonated further in the Nigerian space at the opening of business yesterday as the Nigerian Stock Exchange, NSE, benchmark index, the All Share Index, ASI, declined 2.2 per cent  to 29,214.13 points bringing Year-To-Date loss to 15.7 per cent, the greatest loss in six months.

Investors lost N227.7 billion yesterday to peg market capitalization at N10 trillion at the close of market. Likewise, market activity declined as value and volume traded shed 43.9 per cent and 25.5 per cent to N2.8 billion and 257.7million units respectively. - See more at: Global price crash shocks Nigeria’s capital market