NGX Market Capitalisation Surges by N1.47 Trillion
On October 23, the Nigerian Exchange Limited (NGX) experienced a significant rebound, with market capitalisation increasing by N1.471 trillion, rising from N159.048 trillion at the opening to N160.519 trillion at the close of trading. The All-Share Index (ASI) advanced by 2,265.33 points, or 0.93 percent, moving from 244,956.94 to 247,222.27.
This increase reflects renewed buying interest in selected equities. However, despite the positive performance, the market breadth remained slightly negative, with 23 stocks recording gains while 25 declined.
Several stocks closed unchanged during the session, including MTN Nigeria Communications, Presco Plc, Okomu Oil Palm, John Holt Plc, Custodian Investment Plc, and UAC of Nigeria.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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