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Nigerian Exchange Limited Sees N1.33tn Market Drop

Business
The Will
Nigerian Exchange Limited Sees N1.33tn Market Drop

On October 8, the Nigerian Exchange Limited (NGX) concluded its trading session with a bearish trend, resulting in a market capitalization drop of N1.334 trillion, from N162.385 trillion at the opening to N161.051 trillion at the close. The All-Share Index (ASI) experienced a decline of 2,054.25 points, starting at 250,096.75 and finishing at 248,042.50, which reflects a 0.82 percent decrease.

The market breadth was negative, with 32 equities recording price declines compared to 26 gainers, indicating a challenging trading environment for investors.

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