STOCK MARKET DOWN BY N79B

Activities on the floor of the Nigerian Stock Market yesterday continued on  a downward slope as losers outweighed gains  following price losses suffered by major highly capitalised companies leading to market capitalisation sliding by N79 billion.

With 22 companies appreciating in price, compared to the 15 that constituted the losers' chart, the All-Share Index depreciated by 248.5 basis points or 1.15 per cent from 21,383.61 to 21,632.11 while market capitalisation shed weight by N79 billion from N6,898 trillion to N6,819 trillion.

UPL topped the gainers' chart with 4.99 per cent to close at N4.42 per share followed by Nemieth with 4.76 per cent to close at 66 kobo per share while Transcorp added 4.72 per cent to close at N1.11 per share.