Stock Market Closes Lower, Sheds N407bn

The Nigerian stock market retreated on Monday, as the Nigerian Exchange (NGX) All-Share Index (ASI) fell by 0.25 per cent.
The NGX All-Share Index declined by 0.25 per cent to close at 247,736.24 points, bringing its year-to-date return to 59.20 per cent and reducing market capitalisation by N407 billion to N160.85 trillion.
Market breadth remained negative, with 26 gainers against 29 losers. Neimeth International Pharmaceuticals recorded the highest price gain of 10 per cent to close at N7.70, per share. Guinness Nigeria followed with a gain of 9.93 per cent to close at N423.00, while Livestock Feeds up by 9.89 per cent to close at N14.45, per share.
NPF Microfinance Bank appreciat...