Equity market loses N671bn as stock opens October on negative note

Oct. 4, 2024 - Daily Trust

For the second trading session in October, the Nigerian equities market maintained its negative note with N671 billion loss on Thursday. The downward trend continued on Thursday as the market recorded N671bn loss on the back of continued portfolio rebalancing by investors.

The ASI lost 1,167.97 points, representing a decline of 1.

19 per cent to close at 97,064.42 points.

Market capitalisation declined by N671 billion to close at N55.777 trillion.

Investor sentiment, as measured by market breadth, closed negative as 23 stocks advanced, while 28 declined...