The Nigerian Exchange recorded a negative outing on Thursday as equities lost N274bn in market value, driven by widespread sell-offs in mid- and large-cap stocks.
At the close of trading, the benchmark All-Share Index of the Nigerian Exchange declined by 435.17 points, or 0.40 per cent, to settle at 109,183.93, reducing the market capitalisation to N68.6 tn from the N68.87 tn recorded in the previous session.
A total of 746.95 million shares valued at N18.20bn were exchanged in 26,174 deals, reflecting a 12 per cent improvement in volume, a 40 per cent increase in turnover, and a 35 per cent rise in the number of deals compared to the previous trading day.
In aggregate, 128 listed equities participated in the day’s trading, with 22 gainers and 36 losers.
EQUITIES DIP AS NGX SHEDS N274BN
