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The Nigerian Exchange started June on a bearish tone, as investors’ sentiments were quite cautionary considering the nationwide strike.
For the second consecutive day, NGX demonstrated bearish trends, marking a decline of 0.77%, with the All-Share Index closing at 97,473.98 points, down from yesterday’s 97,708.74 points.
As of December 2023, Nigeria's largest banks had a total net asset value of N9.7 trillion but only a combined market capitalization of N4.2 trillion ($ billion), translating to a price-to-book ratio of 0.43, or 43%.
Following a brief uptick on April 25, 2024, the NGX resumed its downward trajectory on Friday, April 26, concluding the week with minimal movement.
On Thursday, the Nigerian Stock Exchange (NSE) witnessed a modest uptick in its principal indicators, with the NGX All-Share Index (ASI) climbing by 48 points to close at 98,169.30.
The Nigerian Stock Exchange (NGX) closed on a bearish note as selloffs overtook buying activities.
The All-Share Index fell by 353.51 points, ending at 99,311.54 points, indicative of a general pessimistic investor sentiment.
The Nigerian Stock Exchange halted its streak of losses, marking an eleventh day with a modest rise of 125.30 points in the All-Share Index, ending at 99,665.05. This represents a slight uptick of 0.13% from the previous mark of 99,539.75 points.
The Nigerian Stock Market marked its tenth day of decline this April, primarily due to the downturn in the significant financial firms of the SWOOT sector.
The NGX All-Share Index continued its downward trajectory at the start of the week, falling by 537.44 points to close at 101,777.12 points.
The NGX continued its bearish trajectory for the second consecutive week as the market recorded a 1.09% decline during the week ending April 12, 2024, to close at 102,314.56 points from the previous week’s 103,437.67 points.
The NGX All-Share Index wrapped up the trading week on a downward trajectory, shedding 298.41 points to close at 103,437.67 points, marking a decrease from the previous close of 103,736.08 points.