NGX loses N37 billion in market cap amidst sell-offs, buying-interests

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 15 basis points.

The NGX ASI closed at 46,893.86 points, to reflect a decline of 0.15% from the previous trading day and a Year-to-Date (YTD) return of 9.78%. Meanwhile, the market capitalization declined by N37.93 billion.

At the close of market on Monday 28th March 2022, the stock exchange market value currently stands at N25.27 trillion at the end of the trading day.

The market breadth closed flat as BETAGLASS led 18 gainers, and 18 losers topped by LEARNAFRI at the end of today’s session.

The stock market has advanced 4,177.42 base points since the start of the year.

Market sentiments trend towards the bears with the market differential being flat as 18 gainers equaled 18 losers.