Stock Market Sheds N64 as 21 Equities Record Losses

Nigerian Stocks Give up 0.04% to Profit-taking

By Dipo Olowookere A marginal 0.04 per cent loss was suffered by Nigerian stocks on Friday as a result of profit-taking by investors. It came despite the market breadth index of the Nigerian Exchange (NGX) Limited closing positive on the last trading session of the week. Yesterday, Customs Street recorded 22 appreciating equities and 21 […]

NGX sheds ₦64bn as profit-taking ends week on bearish note

KEY POINTS MAIN STORY The Nigerian Exchange Ltd. (NGX) closed the week with a ₦64 billion loss on Friday as declines in several equities outweighed gains in other stocks. Market capitalisation fell by 0.04 per cent, from ₦164.859 trillion at the opening to ₦164.795 trillion at the close. The All-Share Index also declined by 97.64 […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

Stock market sheds N64 as 21 equities record losses

Trading on the Nigerian Exchange Ltd. (NGX) closed the week on a bearish note on Friday, as investors lost N64 billion. The decline was driven by profit-taking in stocks such as Multiverse Mining, Livingtrust Mortgage Bank, Etranzact, Haldane McCall and Sovereign Trust Insurance, alongside 16 other declining equities. Specifically, market capitalisation declined by N64 billion, …

Investors Lose N63bn In Bearish Stock Market Trade

The Nigerian equities market reversed its recent gains on Friday, as renewed selling pressure in select heavyweight stocks dragged the overall capitalisation lower by N63 billion. The NGX All-Share Index closed lower by 0.04 per cent to 252,269.16 points, moderating its year-to-date return to approximately 62.11 per cent. Consequently, market capitalisation shed N63 billion to […]