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NGX-ASI dips by 0.10% as investors sell banking stocks

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NGX-ASI dips by 0.10% as investors sell banking stocks

22 May, 2025

Sell pressure in banking stocks continued Wednesday on the Nigerian Exchange Limited (NGX), fuelling the market’s dip by 0.10 percent. NGX sectoral performance shows NGX Banking Index decreased most by 0.82 percent, NGX Consumer Index (+0.49 percent), NGX Industrial Index (-0.11percent), NGX Insurance (+1.14 percent), and NGX Oil & Gas (-0.48 percent). “As the week progresses, market direction will hinge on whether consumer resilience can continue to offset sectoral drags from banks and oil & gas................….......READ MORE