Nigerian Exchange Limited Gains ₦328 Billion in Market Value

On November 12, the Nigerian Exchange Limited (NGX) experienced a positive turnaround, with market capitalisation rising by ₦328 billion, from ₦163.531 trillion at the opening to ₦163.859 trillion at the close of trading. The All-Share Index (ASI) advanced by 505.56 points, marking a 0.20 percent increase from 251,861.24 to 252,366.80 points.

This recovery followed a decline on the previous day, where market capitalisation had decreased by ₦293 billion and the benchmark index fell by 0.18 percent. Market breadth improved during the session, with 26 equities appreciating in price compared to 21 that declined.

This was a reversal from Wednesday's trading pattern, where 29 stocks had declined against 23 gainers, indicating a modest increase in buying interest across the Exchange.