NGX: Market cap crashes below 1% amidst sell-off in International Breweries, Transcorp

Sell-off in International Breweries, Transcorp, and others pulled down the equity capitalization in the Nigerian capital market by –0.05 percent at the close of trading on Friday.

This means that the market capitalization dipped by N17.18 billion from N29.92 trillion to N29.90 trillion after five hours of trading today.

Similarly, The All-Share Index dropped by 31.55 basis points to close at 54, 892.53, down from 54,924.08 posted by the bourse on Thursday.