NGX Reports 0.06% Decline Amid Selling Pressure
On October 5, the Nigerian Exchange Limited (NGX) opened the week with a bearish trend, as selling pressure across various equities resulted in a decline in both the benchmark index and market capitalisation. The market capitalisation decreased from N162.842 trillion to N162.751 trillion, losing N91 billion during the session.
The NGX All-Share Index (ASI) opened at 250,808.27 points and closed at 250,667.86 points, reflecting a decrease of 140.41 points or 0.06 percent. The market breadth was negative, with 29 equities declining compared to 24 gainers, while several major stocks remained unchanged.
The session displayed mixed price movements, with some equities achieving strong gains, but overall, heavier losses across numerous counters contributed to the broader market's decline.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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