NGX: Conoil, Sovereign Insurance losses drag down market cap by 0.04%

Investors in Conoil, Sovereign Insurance, and other entities in the Nigerian capital market lost N13.94 billion at the close of trading on Friday.

This followed the crash in market capitalization by 0.04 percent from N30.46 trillion to N30.45 trillion at the close of the day’s business on the floor of the capital market.

Similarly, the All-Share Index dipped by 25.62 basis points to close at 55,930.97, down from 55,956.59 posted by the bourse on Thursday.

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