Nigerian Exchange NGX Ends Week on Negative Note, Market Capitalization Drops, Naira Strengthens

The Nigerian Exchange NGX Limited closed the trading week negatively on September 19, with 11 equities gaining and 43 declining, reflecting weak investor sentiment. The market capitalization dropped by billions to trillions.

Trading volume and value showed improvement compared to the previous day. The naira strengthened against the dollar in the official Nigerian Foreign Exchange Market.

The Pound Sterling and Euro also appreciated. This shift in the market indicates a challenging economic environment with fluctuating investor confidence and currency values.