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

The Nigerian Exchange Group (NGX) 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, and Zenith Bank, while losers included Nigerian Breweries. Top equities by value traded were Zenith Bank, Aradel, Access Bank, GTCo, and UBA.