Bad Day For Nigerian Exchange As It Loses ₦83bn
May 17, 2022
12:32 pm
It was all red alerts for the Nigerian Exchange Ltd., (NGX) as it closed on a bearish note on Monday, causing market capitalization to dip by ₦83 billion, to close at ₦28.542 trillion from ₦28.625 trillion recorded on the last trading day.
The Africa Today News, New York reports that the All-Share Index (ASI) also declined to stand at 52,944.09 points or 0.29 per cent, compared to the 53,098.46 points recorded on Friday.
The market’s negative performance was driven by price depreciation in large and medium capitalized stocks, as 27 stocks declined relative to 20 gainers.
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