Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market closed Thursday, May 22, bearish, with investors recording a combined loss of N274 billion.
Data shows that the Nigerian Exchange Limited (NGX) All-Share Index (ASI) decreased by 0.41% to 109,183.02 points from the preceding day’s high of 109,619.1 points.
Source: Getty Images
While market capitalisation decreased by 0.39% to N68.621 trillion against the preceding day’s N68. 895 trillion.
In 26,176 deals, investors exchanged 1,646,952,901 shares worth N19.098 billion on Thursday.
Here is how the market performed.
Top gainers
Source: Getty Images
Naira appreciated against US dollar
Earlier, Legit.ng reported that in the latest exchange rate data released by the CBN, the naira further appreciated against the US Dollar by 0.48 per cent or N7.69 at the Nigerian Foreign Exchange Market (NFEM).
During the trading session, the exchange rate closed at N1,591.25/$1, in contrast to the preceding day’s value of N1,598.94/$1.
It was a similar performance for the naira against the euro and British pound sterling in the official market.
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Source: Legit.ng
