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By Zainab Iwayemi | Nairametrics Published: October 17, 2022 11:52 PM
The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs, as bears dominated proceedings, weighing down the broad market by 253 basis points.
The All-share Index (ASI) depreciated by 2.53% to close at 46,365.95 points.
In the same vein, Market Capitalization declined by N665 billion to close at N25.25 trillion, while the Year-to-Date (YTD) returns settled at 8.54%.
Meanwhile, the stock market has advanced by 3,649.51 base points since the start of the year.
The SWOOTs capitalization closed negative, driven by changes in AIRTELAFRI at the end of the trading session.
Market breadth closed negative as PZ led 14 gainers, and 5 losers topped by AIRTELAFRI at the end of today’s session.
On a sectoral level, 2 of the 5 major indices of the Nigerian Exchange closed negative with NGX Insurance and Consumer Goods indices down 1.18% and 0.06%, respectively. Only the NGX banking index grew by 0.87%. Also, NGX Oil and Gas and Industrial remained unchanged.
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