Nigerian Stock Market Records N135.13bn Decline; MTN and Others Drive Sell-off
The Nigerian stock market experienced a decline of N135.13 billion due to profit-taking activities in MTN Nigeria Communications and 28 other companies. The Nigerian Exchange Limited Share Index (NGX ASI) depreciated by 0.13%, leading to a decrease in market capitalization.
Sector performance was mixed, with the NGX Insurance Index, Oil & Gas Index, and Banking Index all recording losses. Investor sentiment was predominantly bearish, with 29 stocks declining and 23 gaining.
Notably, Dangote Sugar Refinery saw the highest price gain. Overall, the market closed with a loss in market capitalization.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Stock Market Sees Profit-Taking in 23 Stocks, NGX ASI Declines by 0.08%
Nigerian Stock Market Plunges, Investors Lose N985.7bn in 2 Days
NGX Value Drops by N2.72trn, Insurance, Industrial Stocks Worst Hit
Nigerian Stock Market Records First Weekly Loss, Investors Lose ₦300bn
Nigerian Exchange Market Capitalization Grows 0.92% to N89.74trn, 49 Equities Gain
Nigerian Stock Market Rebounds with N521bn Gain
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
