The NGX Insurance Index led the losers during the Sallah holiday-shortened week, falling by 1.32 per cent week-on-week.
This contributed to a 0.18 per cent decline in the broader market indices.
The NGX 30 Index followed with a 0.16 per cent decline, and the NGX Banking Index fell by 0.04 per cent week-on-week.
Conversely, the NGX Oil and Gas Index led the gainers, rising by 0.35 per cent week-on-week, followed by the NGX Consumer Goods Index, which increased by 0.29 per cent.
Also, the NGX Pension Index rose by 0.20 per cent and the NGX Industrial Goods Index advanced by 0.10 per cent week-on-week.
Specifically, sell pressure witnessed in the declined sectors led to negative price movements in the stocks of VFD Group, AIICO, Insurance and AXA Mansard.
It also include FBN Holdings, Fidelity Bank, Zenith Bank, MTN Nigeria, Transcorp Hotel, among others.
Consequently, NGX All-Share Index and market capitalisation depreciated by…
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