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Stock market reverses gains as index plunges by 0.06 per cent | The Guardian Nigeria News - Nigeria and World News

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Transactions on the Nigerian Exchange (NGX) closed on a downturn yesterday, occasioned by sell pressure in most blue-chip stocks, causing the All-Share Index (ASI) to decline by 0.06 per cent.

Specifically, market capitalisation of listed equities decreased by N12 billion to N20.022 trillion from N20.034 trillion recorded on Monday. The ASI also depreciated by 23.51 points or 0.06 per cent to 38414.37 points from 38437.88.

Afrinvest Limited said: “In the next trading session, we expect market performance to remain tepid, due to absence of positive drivers.” Honey Well Flour Mills down by 6.61 per cent to close at N1.13 kobo while Chams Plc dipped by 4.76 per cent to close at N0.20 kobo.

 

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