Thus, the All-Share Index (ASI) dipped by 0.5 per cent to close at 49,190.34 basis points. Investors therefore, further lost N124.94 billion as the market capitalisation settled at N26.53 trillion by the end of the bearish trade. The decline in market heavyweight, BUA Cement, was the major driver of the market’s weak performance as the share price depreciated by 6.18 per cent. As measured by market breadth, market sentiment was negative as 14 tickers lost relative to nine gainers. NGXGROUP was the most active stock in terms of volume and turnover, with 20.75 million shares worth N553.54 million changing hands in 105 deals.

Source: Nigerian Tribune September 23, 2022 20:40 UTC