Stock Market Drops Marginally on Losses in NAHCO, 20 Others.
The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 0.06 per cent to close at 252,313.16 basis points, while the Month-to-Date and Year-to-Date returns settled at -0.8per cent and +62.1per cent, respectively.
Consequently, the market capitalisation decreased by N93 billion to close at N163.82 trillion.
Sectoral performance was mixed, as the Banking (-0.7per cent) index declined, while the Insurance (+1.3per cent), Consumer Goods (+0.2per cent) and Oil & Gas (+0.1per cent) indices advanced.
Despite the bearish close, market sentiment closed positive, with 32 advancers outnumbering 21 decliners. Champion Breweries led the gainers’ chart, by 10.00 per cent to close at N9.35, per share. Honeywell Flour Mill followed with a 9.90 per cent gain to close at N32.20, while Critical Minerals Financing Corporation (CMFC) appreciated by 8.75 per cent to close at N3.23, per share. Sovereign Trust Insurance rose by 8.41 per cent to close at N2.32 and University Press gained 8.33 per cent to close at N4.55, per share.
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with THISDAY.