NGX Reports 0.09% Drop in ASI Despite 24 Stocks Gaining
On October 13, the Nigerian Exchange Limited (NGX) experienced a decline in its market performance as the All-Share Index (ASI) fell from 247,736.24 points at the opening to 247,513.63 points, marking a loss of 0.09 percent. The market capitalization also decreased from ₦160.852 trillion to ₦160.708 trillion, resulting in a reduction of ₦144 billion in equity value during the trading session.
Despite the overall decline in the benchmark index, the market breadth remained positive, with 24 equities recording price appreciation, while 21 stocks declined in value. This indicates that the gains from selected stocks were not sufficient to counterbalance the losses experienced by other equities, leading to the market's lower closing.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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