The Nigerian equities market closed lower on Monday as investors took profits in select stocks, yet overall market performance continues to reflect robust growth and investor confidence.
Despite the session’s setback, the Year-to-Date (YtD) ASI remains strong at 44.50 percent, while the Month-to-Date (MtD) return stands at 3.47 percent, signalling continued market resilience.
“Short-term market adjustments are normal in a dynamic market like Nigeria’s. The underlying fundamentals remain strong, and the year-to-date performance highlights the resilience and depth of our capital markets,” said David Adonri, Vice-Chairman, Board of HighCap Securities.