The Nigerian equities market registered a further decline on Wednesday, marking a modest 0.04 percent decrease and completing its third consecutive day of losses this week.
Pressures exerted by key stocks throughout the week have weighed on the market, contributing to the continued downturn as the month draws to a close.
As of month-to-date (MtD), the market has recorded a 0.54 percent decline, with a weekly decrease of 1.43 percent. Meanwhile, the year-to-date (YtD) return now stands at a more subdued 31.09 percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) slid further from the prior day’s level of 98,058.07 points to settle at 98,023.23 points. Concurrently, market capitalisation dipped from N59.418 trillion to N59.396 trillion.
This latest dip reflects profit-taking activities in the insurance and consumer goods sectors, which continue to weigh on the market’s performance.
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