Nigerian Stock Market Loses N197 Billion as Dangote Sugar, Others Drag Indices Down

The Nigerian stock market, led by Dangote Sugar Refinery Plc (NGX: DANGSUGAR) and 25 other companies, witnessed a significant drop of N197 billion in market capitalization. The NGX All-Share Index declined by 0.22%, closing at 143,210.33 basis points.

The year-to-date return stood at 39.14%. While sectors like consumer goods, oil and gas, and industrial goods depreciated, banking and insurance indices saw slight gains.

International Breweries (NGX: INTBREW) led the losers' chart, while NCR Nigeria topped the gainers. Market activity revealed a growth in deals but a decline in volume and value traded.

Wema Bank (NGX: WEMABANK) recorded the highest volume and value of shares traded.