December 10, 2024
Nigerian Stock Market Slips 0.01%, Trading Volumes Drop 22%
Business News

Nigerian Stock Market Slips 0.01%, Trading Volumes Drop 22%

Nigerian Stock Market Slips 0.01%, Trading Volumes Drop 22%
Nigerian Stock Market Slips 0.01%, Trading Volumes Drop 22%

On October 10, 2024, the Nigerian stock market closed slightly in the red as the All-Share Index (ASI) slipped by a modest 0.01%, shedding 9.95 points to settle at 97,477.19. 

Trading activity also witnessed a marked decline, with volumes dipping 22% from the previous day’s session. A total of 277 million shares changed hands, down from 356 million shares traded the day before, reflecting a quieter market sentiment.

Also Read: Venice Selects Kenyan-Nigerian Duo for Biennale Cinema 2024/25

Across the floor, 7,091 deals were executed, with the overall market capitalization standing at N56.01 trillion. While the dip in the ASI was minimal, the drop in trading volumes highlighted a cautious tone among investors.

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