Nigerian Stock Market Down After Sallah Holiday

The first trading session of this week also occurring after the Sallah break observed on Monday and Tuesday ended on a negative note on Wednesday at the Nigerian stock market with a 0.08 per cent loss.
The 0.14 per cent loss posted by the insurance index and the 0.09 per cent decline suffered by the consumer goods sector brought down the Nigerian Exchange (NGX) yesterday.
The bourse crumbled despite the 0.51 per cent rise posted by the banking space, the 0.08 per cent growth recorded by the energy counter, and the marginal 0.001 per cent gain achieved by the industrial goods sector.
As a result, the All-Share Index (ASI) went down by 84.93 points to 99,840.95 points from 99,925.88 points, and the market capitalisation decreased by N48 billion to N56.479 trillion from N56.527 trillion.
However reports disclosed that investor sentiment remained strong yesterday despite the weak outcome, as the NGX printed 40 price gainers and 15 price losers, representing a positive market breadth index.