Activities in the Nigerian Stock Exchange (NSE), closed red on the nation’s bourse on Wednesday with Julius Berger leading the losers’ packs with N3 to close at N27 per share, affecting the All-Share Index.
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The News Agency of Nigeria reports that the All-Share Index lost 8.76 points or 0.02 per cent to close at 36,930.83 from the 36,939.59 achieved on Friday due to price loses.
The News Agency of Nigeria reports that the market capitalisation, which opened at N12.694 trillion, inched N72 billion or 0.57 per cent to close at N12.766 trillion.
The News Agency of Nigeria reports that Nigerian Breweries topped the losers chart, declining by N6 to close at N155 per share.
Ambrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the development to investors’ reaction to the shareholders’ approval to the merger between the three companies.