Nigerian Equities Market Loses N103 Billion on October 22
On October 22, the Nigerian equities market continued its downward trend, with market capitalisation decreasing by N103 billion, closing at N159.048 trillion, down from an opening value of N159.151 trillion. The All-Share Index (ASI) also fell, decreasing by 159.55 points, from an opening figure of 245,116.49 to a closing value of 244,956.94, which represents a decline of 0.07 percent.
The market breadth remained negative, with 16 stocks gaining while 22 stocks declined, indicating that selling pressure outweighed buying interest in the market.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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