NGX Market Capitalisation Drops N3.28 Trillion on November 5
On November 5, the Nigerian Exchange Limited (NGX) reported a notable downturn in its market performance. The market capitalisation decreased by N3.281 trillion, falling from N165.415 trillion at the opening to N162.134 trillion at the close of trading.
The All-Share Index (ASI) also saw a decline of 5,052.22 points, representing a 1.98 percent drop from 254,762.81 to 249,710.59 points. This downturn reversed the positive performance observed on the previous day, when the benchmark index had advanced by 0.19 percent and market capitalisation had gained N308 billion.
The market breadth weakened during the session, with 36 equities experiencing price declines compared to 20 gainers, indicating stronger selling pressure across the Exchange, particularly among major stocks.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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