Anthony Iwuoma
The devastating effect of the raging Coronavirus (COVID-19) pandemic has also hit the Nigerian Stock Exchange (NSE) as investors lost over N99 billion, on Monday and Tuesday alone.
The market capitalisation of the NSE declined from N11.846 trillion on Friday to N11.747 trillion, on Tuesday.
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The decline with a N14 billion on Monday loss after a one-day break last Friday, had escalated to N85 billion yesterday thus increasing the sell pressures on top notch companies, such as NASCON Salt and Dangote Cement.
There is no sign yet that the pressures would not persist but investors are hoping for positive reversal.
