Nigerian Exchange Limited (NGX) extend losses to three consecutive sessions.

The Nigerian Exchange Limited (NGX) extended losses to three consecutive sessions, as the All-Share Index (ASI) depreciated further by 0.07 per cent, amid sustained profit-taking.

Specifically, at the close of trading on Wednesday, the ASI decreased by 35.28 absolute points, representing a dip of 0.07 per cent to close at 52,721.34 points.

Similarly, the market capitalisation lost 19 billion naira to close at 28.423 trillion naira.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Nigerian Exchange Group (NGX Group), Berger Paints Nigeria, Lafarge Africa, Fidson Healthcare and also May and Baker Nigeria.

In the meantime, market breadth closed negative with 23 losers while 21 stocks appreciated at price, while Academy Press led the losers’ chart by 9.93 per cent, to close at one naira, 36 kobo, per share.

Kevin Madu