NGX capitalisation drops by N74bn as bears dominate

The Nigerian Exchange lost N74bn in market capitalisation at the close of trading on Wednesday as the All-Share Index declined by 0.1 per cent to settle at 105,485.99 points.

The exchange’s overall market capitalisation now stands at N66.1tn.

At the end of the session, a total of 1.29bn shares valued at N12.49bn were exchanged in 10,908 deals. This represented a 269 per cent increase in volume compared to the previous trading day, although…