The Nigerian Exchange on Wednesday closed on a bearish note occasioned by 10% loss in the share price of MTN Nigeria. The Telecom giant on Wednesday commenced its public offer to retail investors for the sale of up to 575 million shares.
The All Share Index depreciated by 1.81% to close at 42,463.16 points from the previous close of 43,248.05 points.The Market Capitalisation declined by 1.82% to close at N22.157 trillion from the previous close of N22.567 trillion, thereby shedding N410 billion.