Selling Pressure in CUSTODIAN, MANSARD & 24 Others Drags Nigerian Equities Market Down

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The Nigerian Equities market closed on a negative note today, primarily driven by selling pressure in stocks such as CUSTODIAN (-4.52%), MANSARD (-1.82%), and 24 others. This led to the market’s negative performance, extending the bearish streak from the previous session.

The NGX All-Share Index lost 4 basis points, closing at 100,022.03 points, down from 100,063.32 points in the prior session. Consequently, the year-to-date return settled at 33.77%. The overall market capitalization closed at N56.58 trillion, with investors’ wealth decreasing by N23.23 billion.

Market activity for the day was also negative, with volume and value traded decreasing by 52.21% and 52.06%, respectively, to 412.66 million units and N6.02 billion.

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