Nigerian Stock Exchange Declines by N257 Billion

On Friday, transactions on the Nigerian Stock Exchange closed lower, with a decline of N257 billion as investors continued profit-taking activities. The market capitalization of listed equities decreased by 0.16 percent, falling from N156.880 trillion to N156.623 trillion.

The NGX All Share Index also dropped by 398.18 basis points, closing at 242,619.20 points compared to 243,017.38 points the previous day. The market breadth was negative, with 20 stocks advancing against 30 decliners, resulting in a year-to-date return of 56.01 percent.

International General Insurance led the gainers with a 9.92 percent increase, closing at N5.32 per unit, while FTG Insurance topped the losers' chart with a 9.31 percent drop, closing at N2.63 per unit. The volume of trades fell by 66.65 percent to 1.413 billion shares, and the value of shares traded decreased by 10.48 percent to N45.31 billion across 39,134 deals.