Prof-taking Continues as Stock Market Drops by N37 billion

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The Nigerian Exchange Limited (NGX) stock market was dominated by profit-taking investors as capitalization extended losses for a second straight session, falling by N37 billion at the close of yesterday’s trading.

As a result, from 56,024.52 basis points before trading began, the All Share Index (ASI) lost 67.93 basis points, or 0.12%, to close at 55,956.59 basis points.

Additionally, the market capitalization dropped from N30.506 trillion before trading began to N30.469 trillion at the close.
With 6,061 transactions, the overall amount traded grew by 33.74 percent to 531.785 million units, worth N7.682 billion.

With 177.476 million shares valued at N1.724 billion, transactions in United Bank for Africa (UBA) shares topped the list of activities.

Thisdaylive.

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