On Friday, the Nigerian Exchange (NGX) closed negative, with the All-share Index (ASI) dropping by 0.09% to close at 51,893.94 points. Market capitalization also declined by N28 billion to close at N28,267 trillion, while the year-to-date returns settled at 0.57%.
The NGX closed negative amidst buy-interests and sell-offs as bears regained dominance, driving down the broad market. Market breadth closed negative with 18 gainers relative to 21 losers. Multiverse, Transcorp, and Royal Exchange were among the top gainers, while Cadbury, Wapic, and R.T. Briscoe were among the top losers.
The top three stocks by volume were UBA, Fidelity Bank, and Zenith Bank, while the top three by value were UBA, Zenith Bank, and Fidelity Bank.
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