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Stock Market
Three insurance equities accounted for 4.168 billion shares valued at N9.249 billion in 1,660 deals
Energy, oil, gas, and insurance stocks dragged the Nigerian Exchange (NGX) market indicators lower, as sell pressure in the local bourse entered its eighth day on Thursday.
The Nigerian Exchange (NGX) declined on Wednesday, with market capitalisation falling by about N556 billion amid sustained selling pressure on the local bourse.
Zenith Bank, Access Holdings, FirstHoldco, among others, dragged the Nigerian Exchange (NGX) down by more than N1 trillion, further reducing year-to-date returns.
The Nigerian Exchange (NGX) All-Share Index (ASI) declined as equities investors lost about N648 billion, reversing the previous day’s rebound.
Investors in the Nigerian stock market gained N481 billion as renewed demand for insurance stocks lifted the market ahead of the July 31 insurance recapitalisation deadline.
The Nigerian Exchange (NGX) All-Share Index (ASI) recovered from sell pressures on Tuesday
The Nigerian Exchange (NGX) delivered about a 59% return from the beginning of the year to date
The Nigerian Exchange (NGX) market capitalisation inched near the N160 trillion mark on Thursday as financial stocks rallied following sell pressures during the midweek session.