The Nigerian Exchange closed on a negative note on Thursday as sell pressure in key stocks dragged the benchmark index lower, leading to a loss of N371 billion in investors’ wealth.
At the close of trading, the All-Share Index declined by 584.32 points or 0.38 per cent to settle at 153,676.66 points, while market capitalisation fell to N97.6 tn from N97.97 tn recorded in the previous session.
Trading activity improved across major indicators as investors exchanged 495.85 million shares worth N29.56 bn in 28,926 deals. This represented a nine per cent rise in volume, a 99 per cent increase in value, and a five per cent growth in the number of deals compared to Wednesday’s session.