Home Business Equities Market Drops by N387bn in 3 Days Over Increasing Profit-taking

Equities Market Drops by N387bn in 3 Days Over Increasing Profit-taking

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The equities market segment of the Nigerian Stock Exchange (NSE) dropped by N387 billion in three days despite the influx of listed companies’ unaudited result and accounts for full-year ended December 31, 2019.

The equities market opened this week at N14.857trillion and closed on Wednesday at N14.47 trillion.

On Monday, the equities market dropped by N160billion to N14.697trillion, while on Tuesday, it dropped further by N52billion from N14.857trillion to N14.645trillion.

WEstern Post gathered that the equities market reported one of the highest decline on Wednesday when it dropped by N175 billion to close at N14.47trillion from N14.645 trillion the equities market opened for trading.

Western Post can also report that investors are taking profit in highly capitalized shares on the NSE, most especially listed banks and shares of listed Oil/gas companies.

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