Nigerian Exchange Records First Loss in 6 Days: Investors Exchange Over 400m Equities

The Nigerian Exchange NGX Limited experienced its first loss in six consecutive trading sessions, with over 400 million equities exchanged by investors. Despite the decline influenced by selling pressure, the banking index showed growth while commodity counters increased.

The All-Share Index (ASI) decreased by points, and market capitalization dropped significantly. The market saw more price losers than gainers, reflecting a mixed sentiment among investors.

The Central Bank of Nigeria reported a strong performance of the naira in the foreign exchange market, indicating stability in the currency's value.