Nigerian Stock Market Declines by N91 Billion Amid Negative Sentiment

The Nigerian stock market extended its downward trend, losing N91 billion in market capitalization. The NGX All-Share Index dropped by 0.10%, closing at 155,353.20 basis points.

Market sentiment remained negative with 36 declining stocks outnumbering 27 gainers. Sovereign Trust Insurance saw the highest price gain of 9.88%, followed by ASO Savings and Loans and Berger Paints.

On the losing end, McNichols led the chart with a decline of 8.81%. Total volume traded increased by 4.46% to 525.448 million units valued at N25.395 billion.