Stock Market: Market capitalisation declines by N88 billion

The Nigerian Bourse (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, weighing down the broad market by 47 basis point. The All-share Index (ASI) depreciated by 0.47% to close at 49,190.34 points.

In the same vein, Market Capitalization declined by N88 billion to close at N26.45 trillion while the Year-to-Date (YtD) returns settled at 14.77%. The stock market has advanced by 6,473.9 base points since the start of the year.

The SWOOTs capitalization closed negative at the end of the trading session.

BUA Cement investors lose N112 billion in one day as sell pressure heightens
Nigerian Exchange closes negative as market cap dips by N125 billion

Market breadth closed negative as VITAFOAM led 11 gainers, and 22 Losers topped by CWG at the end of today’s session.

On a sectoral level, 3 of the 5 major indices of the Nigerian Exchange closed negative with NGX Insurance, NGX Oil & Gas and Industrial indices were down 0.46%, 0.21% and 1.61% respectively while NGX banking and Consumer goods index grew by 0.85 and 0.10%