Nigerian Equities Market Declines by N103 Billion

On Friday, the Nigerian equities market experienced a decline, closing with a loss of N103 billion in market capitalization, which settled at N256.444 trillion, down 0.07% from the previous day. The Nigerian Exchange Group (NGX) share index fell by 159.97 basis points, closing at 43,798.76 points.

The market breadth showed 30 advancers against 27 decliners, with mid-cap stocks significantly impacting the market's performance. Notable gainers included Access Holdings Company, which rose by 10% to close at N148.50 per unit, and International Breweries, which gained 9.92% to close at N13.30 per share.

Conversely, Guinness Nigeria Plc led the losers, dropping 9.99% to N329.00 per share. Trading volume decreased to 441.266 million shares valued at N19.492 billion, a significant drop of 73.35% from the previous day's trading volume.