Stock market sheds N1.23trn as investors take profits on major holdings
Market capitalisation drops 0.76 per cent to N160.443 trillion amid widespread profit-taking.
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Market capitalisation drops 0.76 per cent to N160.443 trillion amid widespread profit-taking.
The local stock market closed in the positive territory on Wednesday as investors raked in N18 billion to push the market value to N27.85 trillion.
The Financial stocks and the consumer goods industry led trading activities at the Nigerian Exchange (NGX) limited last week.
The Nigerian Exchange (NGX) Limited closed in the positive territory on Thursday as investors raked in Nw5.94 billion, OduNews reports.
The Financial sector led the trading activities at the Nigerian Exchange (NGX) limited last week with two banks driving the sector's turnover by 85%.
The Nigerian Exchange (NGX) Limited witnessed a heavy sell-off on Tuesday which led to investors losing N440 billion by the close of trading activities.
The Nigerian Exchange ((NGX) Limited closed in the negative territory on Thursday as losses in 25 stocks pulled the market down by 0.10%.
The Nigerian Exchange (NGX) Limited closed bullish on Wednesday on the back of gains in the shares of Dangote Cement, OduNews reports.