The Nigerian Exchange Limited (NGX) extended its losing streak on Thursday, with investors shedding N31 billion in market capitalization. This decline marks a continuation of the recent downturn in the equity market.
Market Performance Highlights
- The All-Share Index (ASI) dropped by 0.05% to 105,426.12 points.
- Market capitalization slipped to N66.11 trillion.
- 423.62 million shares valued at N9.18 billion were traded across 11,393 deals.
- Trading volume declined by 67% and turnover dropped by 27% compared to the previous session.
Losers and Gainers
- John Holt Plc led the losers, shedding 10% to close at N7.74 per share.
- The Initiates Plc emerged as the top gainer, appreciating by 9.85% to close at N4.46 per share.
Sectoral Performance
- The NGX Top 30 Index dipped by 0.01%.
- The Premium Index advanced by 0.16%.
- The Insurance and Industrial Indices edged up by 0.09% and 0.01%, respectively.
Despite the downturn, the market has sustained a year-to-date gain of 2.43%, reflecting underlying investor resilience amid fluctuating trading conditions.
