The stock market declined by 0.35% as sustained selling pressure dragged the market lowerBanking, consumer goods, and insurance stocks led sector losses, with 35 stocks decliningMarket activity also weakened, as traded volume fell 34.66%, value dropped 33.86%, and deals declined 21.98%
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Exchange (NGX) Limited extended its bearish run on Tuesday as sustained profit-taking across major sectors dragged the market down by 0.35%.
The decline was driven largely by losses in the banking, consumer goods, and insurance sectors, as investors continued to exit positions amid weak sentiment.
Zenith Bank drives activity with N4.8 billion turnover Photo: AFPSource: Getty Images
At the close of trading, the All-Share Index (ASI) fell by 874.00 points to 246,686.66 points, compared to 247,560.66 points in the previous session. Market capitalisation also shed N479 billion to
