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NSE index, capitalisation drop by 0.8%

The performance indicators of the Nigerian Stock Exchange (NSE), the All-share index and market capitalisation, both dropped, last week, by 0.8 per cent each. The index, which opened at 47,422.51 points, closed at 47,059.63 points, while market capitalisation closed at 6.73 trillion from N6.6.79 trillion at which it opened the week.

Okomu Oil Palm Plc recorded the highest share price loss for the week under review, dropping by N16.97 to close at N35.28 per share from N52.25 per share at which it opened, followed by Total Nigeria Plc with a loss of N12.97 to close at N171.00 per share and Chevron Oil Nigeria Plc depreciated by N11.40 to close at N159.60 per share.

Other share price losers include: Guinness Nigeria Plc N6.99, Cappa & D'Alberto Plc N4.08, Cement Company of Northern Nigeria Plc N3.96, Cadbury Nigeria Plc N3.80, GT Bank Plc N3.61, Ecobank Transnational Incorporated N3.00, May & Baker Nigeria Plc N3.00 among others.

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Yen Falls Versus Euro, Dollar on Increased Appetite for Risk

March 15 (Bloomberg) -- The yen fell against the euro and the dollar on speculation investors resumed borrowing in the Japanese currency to invest in higher-yielding countries.

The yen dropped against all of the 16 most active currencies including the Australian and New Zealand dollars on expectations investors will resume what is known as the carry trade. U.S. stocks advanced for a second straight day.

``Equities are the leading indicator of investors' risk appetite right now and their willingness to re-establish the carry trade,'' said C.J. Gavsie, managing director for foreign- exchange trading in Toronto at BMO Capital Markets.

The yen fell 0.53 percent to 155.64 per euro and dropped 0.40 percent to 117.56 per dollar at 4:49 p.m. in New York.