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MTN Nigeria, 24 Others Plunge Stock Market by 0.24%

MTN Nigeria commercial paper sales

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By Dipo Olowookere The stock market in Nigeria declined by 0.24 per cent on Thursday as profit-taking took over the landscape, especially in MTN Nigeria and others. The sell-offs at the Nigerian Exchange (NGX) Limited during the session shrank the All-Share Index (ASI) by 236.16 points to 100,063.32 points from 100,299.48 points and the market capitalisation depreciated by N134 billion to N56.604 trillion from N56.738 trillion. DAAR Communications led the losers’ group on Thursday after it fell by 8.33 per cent to 44 Kobo, UPDC REIT declined by 8.26 per cent to N5.00, Guinea Insurance fell by 7.69 per cent

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