Nigerian Exchange NGX Declines by N13 Billion on Friday

On Friday, the Nigerian Exchange NGX recorded a decline of N13 billion, with the market capitalization of listed equities decreasing by 0.01 percent from N158.339 trillion to N158.326 trillion. The NGX All Share Index fell by 78.58 basis points, closing at 245283.68 points, down from 246362.26 points the previous day.

The market breadth was positive, featuring 33 gainers compared to 29 decliners, resulting in a year-to-date return of 57.62 percent. Eterna Plc, Conhall Plc, and Regal Insurance topped the gainers’ list, each rising by 10 percent to close at N33.00, N8.36, and N0.88 per unit, respectively.

Conversely, FTG Insurance led the losers with a 10 percent drop to N2.34 per share. The volume of trades decreased by 55.14 percent to 942.970 million shares, with a total value of N46.740 billion, down by 79.75 percent.

Ava Capital led trading activity with 340.406 million shares valued at N2.621 billion.