Home Business Equities Market Open Week With N154bn Investors Profit-Taking

Equities Market Open Week With N154bn Investors Profit-Taking

78
0

The Nigerian Stock Exchange (NSE) equities market segment resumed trading for the week on Monday still on a negative trend with the market indices dropping by N154 billion.

Specifically, the market capitalisation dipped N154 billion or 1.05 per cent to close at N14.464 trillion in contrast with N14.618 trillion posted on Friday.

Also,  the All-Share Index lost 294.90 basis points or 1.05 per cent to close at 27,772.19 basis points compared with 28,067.09 basis points achieved on Friday.

Consequently, the month-to-date declined to 3.71 per cent, while Year-to-Date moderated to 3.47 per cent.

The downtrend was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Nestle Nigeria, MTN Nigeria, Lafarge Africa, Guaranty Trust Bank and FBN Holdings.

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here