NGX Market Declines as ASI Drops 0.16 Percent on October 6

On October 6, the Nigerian Exchange Limited (NGX) reported a continuation of its negative trend, with the market capitalisation falling from N162.751 trillion to N162.495 trillion, a decline of N256 billion. The NGX All-Share Index (ASI) opened at 250,667.86 points and closed at 250,273.50 points, losing 394.36 points or 0.16 percent.

The market breadth showed further weakening, with 34 equities declining compared to 26 gainers, a shift from Monday's figures of 29 decliners and 24 gainers. The trading session was marked by widespread weakness, where losses in key equities overshadowed gains in selected stocks.

CMFC experienced the largest drop, plummeting 9.88 percent from N4.05 to N3.65, followed closely by ABC Transport Plc, which fell 9.70 percent from N6.70 to N6.05. On the other hand, Tripple Gee and Company Plc saw the highest gain, advancing 9.77 percent from N2.56 to N2.81, while Livestock Feeds Plc increased by 9.74 percent, rising from N9.75 to N10.70.