NGX reopens bearish as losses in 22 stocks drag indices by N29bn

0 74

Nigerian Exchange Limited NGX resumed trading for the week on a downturn yesterday, as losses in 22 stocks dragged market capitalisation by N29 billion.

As measured by market breadth, market sentiment was negative as 22 stocks depreciated in price 16 others recorded price appreciation.

The market’s ill performance was driven by price depreciation in large and medium capitalised stocks.

Stocks such as BUA Foods, Nigerian Exchange Group, International Breweries, Lafarge Africa and Fidson, saw a depreciation in price.

– The Guardian

Leave A Reply

Your email address will not be published.

%d bloggers like this: