Stock Market Decline by N142.4bn on Sell Pressure in Oando, GTCO, 22 Others
The Nigerian stock market yesterday surrendered to investors selling pressures on profit-taking in Oando Plc (-5.6 per cent), Guaranty Trust Holding Company Plc (-2.5 per cent) and 22 others. As a result, the overall capitalisation depreciated by N142.4 billion to N59.391trillion, to end its four-day gaining momentum. Consequently, the Nigerian Exchange Limited All Share Index (NGX ASI) lost by 234.95 basis points or 1.75 per cent to close at 97,992.55 basis points with the Month-to-Date…