Nigeria: Investors Lose N124.14 Billion to Sell Pressure in May

Trading on the Nigerian Stock Exchange (NSE) closed negative as the month of May closed Thursday, ahead of the public holiday declared by the Federal Government for Friday's inauguration ceremony of the Mohammadu Buhari administration, which ended the 16-years rule of the Peoples Democratic Party (PDP) governments.

Market capitalisation of all listed equities on the Main Board and the Alternative Securities Market (ASeM) in May, dropped by ?128.14 billion or 1.09 per cent as 46 stocks led by Unity Bank suffered decline, as against 47 on the gainers' side, with Vono Products taking the lead. The All Share Index suffered a 1.15 per cent decline for the period.

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