Nigerian Stock Market Loses N197 Billion as Dangote Sugar, Others Drag Indices Down
The Nigerian stock market, led by Dangote Sugar Refinery Plc 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 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 recorded the highest volume and value of shares traded.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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