Nigeria’s Stock Market Declines As Large-cap Stock Record Losses

Nigeria’s Stock Market Declines As Large-cap Stock Record Losses

Some Large-cap stocks recorded price losses as the Nigerian stock market declined by N598 billion at the end of last week.

The NGX All-Share Index depreciated by 2.63 per cent to close the week at 42,167.91 basis points from 43,308.29bps while the market capitalisation of stocks fell to N22tn from N22.6tn.

All other indices finished lower, with the exception of the NGX Insurance Index, which appreciated by 2.97 per cent, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat, according to The PUNCH.

Investors on the floor of the NGX traded a total…

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