Nigerian Exchange loses N106bn as market downturn continues
The Nigerian Exchange Limited saw a drop in aggregate market value as trading ended on a bearish note. The All-Share Index and market capitalisation both declined, reflecting cautious investor sentiment. Several sector indices also posted modest pullbacks, though some segments like consumer goods and sovereign bonds showed gains. Notable trading activity was recorded in companies such as LASACO Assurance Plc, Consolidated Hallmark Holdings Plc, and Cornerstone Insurance Plc.
TLDR
- The All-Share Index fell by 0.07 per cent, closing at 242,454.65 points.
- Market capitalisation for equities dropped by N106.24bn, ending at N156.52tn.
- Most sector indices, including the NGX Main-Board and NGX 30, saw declines, while the NGX Consumer Goods and Sovereign Bond Indices gained.
- Trading volume reached 1.33 billion shares across 45,439 trades, with the Main Board leading in turnover.
- Top gainers included AVA Capital Plc, Trans-Nationwide Express Plc, and Dangote Sugar Refinery Plc, while RT Briscoe Plc and Fortis Global Insurance Plc were among the biggest losers.
