Nigerian Equities Market Loses N298 Billion as Investors Shed Shares

The Nigerian equities market, represented by the NGX, witnessed a significant dip with investors shedding N298 billion in market capitalization. The All-Share Index (ASI) fell by 143.62 points to close at 144,187.03 points.

Market breadth was negative with 17 stocks advancing, 38 declining, and 91 remaining unchanged. Notable gainers were NCR Nigeria, Ikeja Hotel, and Neimeth, while RT Briscoe, Legend Internet, and International Energy Insurance led the price decliners.

Trading activities were dominated by Access Bank, Zenith Bank, UAC Nigeria, and Guaranty Trust Holding Co. Babajide Okeowo was mentioned in the report.