NGX Market Declines as 41 Stocks Close Lower

On August 26, the Nigerian equities market experienced a continued bearish trend, with the NGX All-Share Index (ASI) declining by 0.17%. The index fell from 239,085.17 points at the opening to 238,682.92 points at the close of trading.

Additionally, the market capitalisation decreased by N260 billion, dropping from N154.396 trillion to N154.136 trillion. The market breadth remained negative, with 17 stocks gaining and 41 stocks declining, indicating persistent selling pressure across various counters in the market.