The Nigerian All-Share Index extended its decline on Thursday, 20 November, dropping 458.98 points to end the session at 144,187.03.
This marks a 0.32% decline from the previous day’s close of 144,646.01, alongside a noticeable drop in market activity.
Trading volume fell sharply to 349.2 million shares, down from 892 million shares recorded the previous day.
Market capitalization also tracked the downturn, slipping to N91.70 trillion across 18,753 deals, compared with N92.00 trillion previously.
On the activity chart, FIDELITYBK and FCMB recorded the highest trading volumes for the day.
Among the SWOOTs, Nigerian Breweries slipped 2.14%, while International Breweries dipped 0.83%.
On the FUGAZ side, ACCESSCORP fell 3%, UBA declined 2.63%, GTCO lost 0.71%, and ZENITHBANK closed 0.59% lower.
FIRSTHOLDCO, however, managed a modest gain of 0.33%.
Market outlook
The Nigerian All-Share Index remains under sustained bearish pressure, with room for further downside if weak sentiment persists.
Even so, a rebound in mid- and large-cap stocks could support a recovery and help the index reclaim levels above 150,000 in the near term.