Nigerian Stock Market Retreats Amid Broad-Based Sell-Off
The Nigerian stock market witnessed a retreat with a significant sell-off across key sectors, leading to a decline in market capitalization from N96.970 trillion to N95.664 trillion. The ASI dropped from 152,629.61 points to 150,573.87 points, indicating a 2.055.74 point downturn.
The market saw 16 gainers and 46 losers, reflecting a negative market breadth. Notable gainers included NCR, while top decliners included Dangote Cement and Champion Breweries.
Analysts suggest a cautious approach due to prevailing bearish sentiment and advise monitoring blue-chip performance for potential market support.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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