NGX Sees 0.28% Gain as Market Cap Rises by N437bn

On September 11, 2023, the Nigerian Exchange Limited (NGX) concluded its trading session with a notable increase, as the All-Share Index (ASI) rose by 674.61 points, closing at 243,052.74, which represents a gain of 0.28 percent from the previous opening figure of 242,378.13. The market capitalization also saw a significant increase of N437 billion, moving from N157.150 trillion at the opening to N157.587 trillion at the close of the session.

The market breadth improved, with 31 equities recording gains compared to 18 decliners, indicating a stronger positive participation in the market despite ongoing sell-offs in some stocks.