Nigerian Equities Market Loses ₦108 Billion on October 16
On October 16, the Nigerian equities market closed lower, losing ₦108 billion in market value. The market capitalisation decreased from ₦160.833 trillion to ₦160.725 trillion.
The All-Share Index (ASI) fell by 167.40 points, starting at 247,707.13 and ending at 247,539.73. Despite this decline in the benchmark index and market capitalisation, the market breadth remained positive, with 26 stocks advancing compared to 23 decliners.
This indicates that the number of stocks gaining value outnumbered those that lost value, reflecting a mixed performance in the market.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
Nigerian Equities Market Loses ₦426 Billion on September 30
Equities Market Declines by N262 Billion on October 3
Nigerian Stock Market Loses N110.16bn Amid Profit-Taking
Nigerian Exchange Loses N1.34tn Amid Market Decline
Nigerian Equity Market Declines by N256 Billion on October 8
Nigerian Stocks Decline by N1.67 Trillion in Two Days
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
