Nigerian Exchange Sees 0.28% Drop Amid Financial Stock Pressure
On October 1, the Nigerian stock market closed negatively as the Nigerian Exchange (NGX) experienced a decline amid pressure on financial stocks. The NGX All-Share Index (ASI) fell by 701.53 points, or 0.28%, closing at 251,211.67 points, down from 251,913.20 points in the previous session.
The market capitalization also decreased by N426 billion, dropping to N163.105 trillion from N163.531 trillion. The trading session recorded 25 price gainers against 28 losers, indicating a negative market breadth and weak investor sentiment.
A total of 1.0 billion shares worth N53.6 billion were exchanged across 44,469 deals. Notably, trading volume and value increased by 82.85% and 56.27%, respectively, compared to the previous day, although the number of deals declined by 5.99%.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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