NGX sheds N137bn as banking, insurance stocks slide
The Nigerian Exchange (NGX) shed N137bn as banking and insurance stocks experienced significant sell-offs. Get the full market report and analysis. Read More: https://punchng.com/ngx-sheds-n137bn-as-banking-insurance-stocks-slide/
The Nigerian equities market witnessed a bearish trend on Monday, with the All-Share Index dropping by 265.99 points to close at 239,085.17. This decline reflects a loss from Friday's benchmark of 239,351.16, and overall equity market capitalisation contracted by N137.12bn during the trading session, settling at N154.40tn. Broad selling pressure was evident across multiple market segments, with the NGX Banking Index and the NGX Insurance Index recording notable declines.
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