Nigerian stock market declines N84bn due to Tier-one banking stock sell-offs, leading to a 0.15% drop in NGX market capitalisation.

Nigerian stock market further declines, losing N84bn due to continuous sell-offs, primarily in Tier-one banking stocks and other blue-chips. The NGX market capitalisation fell by 0.15% to N55.424 trillion, and the All-Share Index dropped by 0.15% or 150 points to 97,978.02. Market breadth remained negative with 28 gainers and 17 losers, as the Year-To-Date (YTD) return decreased to 31.03%.

May 23, 2024
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