NGX Corrects Slightly Amid Portfolio Rotation

Image Credit: govbusinessjournal.com
Market Summary:

 

  • Today, the Nigerian Exchange Market closed on a negative note largely due to share price depreciation in FCMB (-0.91%) and GTCO (-0.25%)
  • As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.04% to settle at 252,269.16 points
  • Year to date returns fell to close at 62.11%
  • Market capitalisation also fell by 0.04% to close at N163.80tn ($120.97bn)
  • Activity level in the market was mixed with the total value of stocks traded falling by 70.62% to settle at N23.11bn. Meanwhile, the total volume of stocks traded rose by 26.86% to settle at 3.70bn units

 

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