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NGXASI Declines 0.40% as BDC Rate Drops to N1,620/US$
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The Nigerian equities market extended its downward trend on Thursday, with the NGX All-Share Index (NGXASI) falling by 0.40% to close at 109,183.02 points. This decline follows Wednesday's losses, bringing the year-to-date return to 6.08%.
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Market capitalization dropped by N274.07 billion to N68.62 trillion, driven by broad selloffs in major stocks. Leading the declines were DANGSUGAR (-5.91%), Nigerian Breweries (-4.69%), Transcorp (-4.44%), UBA (-1.92%), Access Bank (-1.60%), GTCO (-1.08%), and Zenith Bank (-0.73%). Overall
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