The Nigerian Exchange has recorded a Nigerian Exchange decline of 1.65 per cent in its All-Share Index this week, closing at 232,049.02 amid mixed sectoral performance and reduced trading activity

The Nigerian Exchange Ltd. All-Share Index and market capitalisation depreciated by 1.65 per cent and 1.60 per cent respectively this week, closing at 232,049.02 and N148.905 trillion.

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This represents a decline from 235,941.27 and N151.327 trillion recorded in the previous week, resulting in a market loss of N2.422 trillion during the period under review.

All other indices finished lower with the exception of the NGX CG, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield and NGX MERI Value, which appreciated by 2.40 per cent, 3.51 per cent, 3.28 per cent, 9.93 per cent and 0.56 per cent respectively.

A total turnover of 2.324 billion shares worth N134.486 billion was traded in 249,328 deals this week, compared to 3.075 billion shares valued at N254.614 billion that exchanged hands in 287,157 deals the previous week.

The Financial Services Industry led the activity chart with 1.523 billion shares valued at N47.542 billion traded in 105,230 transactions, contributing 65.53 per cent and 35.35 per cent to the total equity turnover volume and value respectively.

Eleven equities appreciated in price during the week, lower than 40 equities in the previous week, while 78 equities depreciated, higher than 53 the previous week. Fifty-seven equities remained unchanged, higher than 53 recorded previously.

International Energy Insurance, First HoldCo, John Holt, Nigerian Aviation Handling Company and Zichis Agro-Allied Industries led the losers’ chart, while Cornerstone Insurance, Academy Press, Conoil, Neimeth Pharmaceuticals and Ikeja Hotel led the gainers’ chart.

The NGX also notified trading licence holders and the investing public that trading in the shares of Fortis Global Insurance Plc was suspended on Wednesday 17 June to enable reconciliation for the listing of reconstructed shares.

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This Nigerian Exchange decline reflects broader market pressures, with reduced trading activity and more decliners than advancers contributing to the overall negative performance for the week.