NGX Starts Week in Red, Market Capitalization Falls by N10.9 Billion

The Nigerian Exchange Group (NGX) (NGX: NGXGROUP) opened the week with a bearish trend, losing N10.9 billion in market capitalization. Trading data revealed a total of 629.57 million shares exchanged in 57,840 deals valued at N14.75 billion, representing a 17% increase in trade volume.

However, turnover decreased by 12%. The share index slightly dipped to close at 166,112.50 points.

Notable gainers included NCR Nigeria, Champion Breweries (NGX: CHAMPION), and Zenith Bank (NGX: ZENITHBANK), while losers included Nigerian Breweries (NGX: NB). Top equities by value traded were Zenith Bank, Aradel, Access Bank (NGX: ACCESSCORP), GTCo, and UBA (NGX: UBA).