The domestic bourse shed 0.92% month-on-month to close negative in October 2024, as the NGXASI lost some of the gains made in the previous month (September 2024: +2.05%). The performance was driven by selloffs especially in large cap stocks like DANGCEM (-1664.91pts), BUACEMENT (-758.75pts), MTNN (594.37pts), DANGSUGAR (-90.34pts) and FBNH (-56.03pts).

 We opine that the local bourse in November 2024 should close negative. Kindly find HERE, our report, covering our analysis and considerations.