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Transactions on the Nigerian Exchange Limited (NGX) reopened on a downturn, yesterday, occasioned by sell-off in 23 stocks, as market capitalisation depreciated by N75 billion.
Specifically, at the close of transactions the All-Share Index (ASI) declined by 139.02 per cent, representing a decrease of 0.30 per cent, to close at 47,063.28 points. Similarly, the overall market capitalisation value lost N75 billion to close at N25.361 trillion.
The market negative performance was driven by price depreciation in large and medium capitalised stocks, which are: Airtel Africa, Nigerian Exchange Group (NGXGroup), BUA Foods, Custodian Investment and Lafarge Africa.