Nse equities capitalisation drops by n234bn 38 stocks fall

It appears that the Nigerian Stock Exchange (NSE) has experienced a decline in its equity capitalization, with a loss of N234 billion. Additionally, 38 stocks have fallen in value.

Here's a breakdown of the information:

• NSE Equity Capitalization: The total value of all listed equities on the Nigerian Stock Exchange has decreased by N234 billion.
• Number of Falling Stocks: 38 stocks have declined in value, indicating a significant sell-off in the market.

This decline in equity capitalization and the fall in stock prices may be attributed to various factors, such as:

1. Economic downturn: Nigeria's economy has been facing challenges, including a decline in oil prices, which has impacted the country's revenue and economic growth.
2. Global market trends: The global stock market has been experiencing volatility, with many indices declining in recent times. This may have contributed to the decline in the NSE equity capitalization.
3. Company-specific issues: Some listed companies may be facing financial difficulties, leading to a decline in their stock prices.
4. Market sentiment: Investor sentiment may have turned bearish, leading to a sell-off in the market.

It's essential to monitor the market closely and stay informed about any changes in the NSE equity capitalization and stock prices to make informed investment decisions.