NGX Market Capitalisation Increases to ₦165.11trn

On October 30, the Nigerian Exchange Limited (NGX) concluded the trading week positively, with market capitalisation increasing by ₦141 billion, rising from ₦164.973 trillion at the opening to ₦165.114 trillion at the close. The All-Share Index (ASI) advanced by 216.47 points, reflecting a 0.09 percent increase from 254,083.02 to 254,299.49 points.

This marginal gain followed a recovery on Thursday, where market capitalisation had risen by ₦779 billion and the benchmark index appreciated by 0.47 percent. However, despite these positive indicators, market breadth remained negative, with 25 equities recording price gains against 32 decliners.

The higher number of declining stocks indicated that selling pressure persisted across several equities, which limited the breadth of the market's advance.