Stock Market Loses N1.8trn In 5 Trading Days

The Nigerian equities market closed lower for the third consecutive week by N1.802 trillion loss, pressured by profit-taking in blue-chip tickers.
The NGX All-Share Index (ASI) advanced by 2.27 per cent week-on-week to close at 250,330.92 points, while market capitalisation rose by N3.34 trillion to close the week at N160.444 trillion. Consequently, year-to-date returns strengthened to 60.87 per cent, underscoring continued positive investor sentiment.
The NGX All-Share Index (ASI) declined by 1.21 per cent week-on-week to close at 229,240.34 points, while market capitalization decreased by N1.80 trillion to close the week at N147.103 trillion.
Consequently, the month-to-date and ye...