Nigerian equity capital

Lagos, Nigeria (Capital Markets in Africa):- The Nigerian Equities Market shed 0.5% to close at 34,533.40pts due to losses in bellwether stocks such as GUARANTY (-2.3%) and NESTLE (-2.8%). Similarly, market capitalization declined N58.7bn to berth at N11.3tn. Nonetheless, market activity measured by volume and value traded increased significantly by 426.8% (1.9bn units) and 32.4% (N5.5bn). The unusual spike in volume traded was majorly due to the 1.5bn units (21.5% of LASACO‘s shares outstanding) of LASACO…