Market Pullback Continues as Investors Reposition

Nigerian Stock Exchange Trading Floor. Image Credit: NGX
Market Summary:
  • Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in ARADEL (-9.51%) and ETERNA (-9.85%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) declined by 0.37% to settle at 242,227.31 points
  • Year to date returns fell to settle at 55.66%
  • Market capitalisation also declined by 0.37% to close at N155.36tn ($114.34bn)
  • Activity level in the market declined with the total value and volume of stocks traded falling by 34.05% and 36.24% to settle at N27.88bn and 588.46mn units respectively

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