Trading activities on NGX drop 0.33% after holiday

Oct. 3, 2024 - Punch Newspapers

Resuming from the October 1 Independence Day holiday, the Nigerian Exchange Ltd. declined by 0.

33 per cent on Wednesday, driven by sell-offs in MTN Nigeria and Tier-one banks. Specifically, the NGX market capitalisation, which opened at N56.

635 trillion, lost N187 billion or 0.33 per cent to close at N56.

448 trillion. The All-Share Index also shed 0.

33 per cent or 327 points to close at 98,232.39, against 98,558.

79 reported on Monday. A total of 425.

76 million shares valued at N8.45 billion were exchanged by investors in 11,954 deals, in contrast to 1.

86 billion shares valued at N111.58 billion were exchanged in 10,583 deals posted previously.

Meanwhile, United Bank for Africa led the activity chart in volume and value with 108.02 million shares worth N3.

01 billion...