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The Nigerian Exchange closed the trading week in the red, with the All-Share Index dropping 0.84% to 245,283.68 pointsMarket breadth turned negative as 56 stocks recorded losses against only 33 that posted gains during the weekTrading activity surged to over N404 billion worth of shares changing hands, well above the previous week’s N306 billion
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Exchange (NGX) ended the trading week on a negative note, with investors losing roughly N1.26 trillion in market value as profit-taking swept through several major stocks.
The NGX All-Share Index (ASI) fell 0.84% to close at 245,283.68 points, while overall market capitalisation shed 0.79% to settle at N158.326 trillion.
The performance reversed part of the gains recorded in the previous week.
NGX ends week lower with 56 stocks declining and only 33 equities
