The Nigerian equity market experienced a decline of 0.86%, shedding N1.3 trillion due to a broad sell-off triggered by profit-taking and risk-off sentiment. Despite the downturn, 45 stocks gained while 26 declined, with R.T. Briscoe Nigeria emerging as the top gainer.
Domestic equities in Nigeria experienced a bearish trend, losing N904 billion, with a market capitalization decline of 0.58% to N155.152 trillion. Key stocks like MTN Nigeria and Guinness Nigeria Plc significantly impacted market performance.
The Nigerian stock market experienced a decline of N1.35 trillion due to profit-taking, particularly in MTN Nigeria Communications Plc, which fell by 8.7%. The Nigerian Exchange Group All-Share Index decreased by 0.86%, while market breadth remained positive with 45 gainers.
