Nigerian stocks shed N274bn on profit-taking in blue-chip equities

The all-share index closed at 38,781.48 basis points. Market capitalisation declined N274 billion to N20.296 trillion.Consolidated Hallmark led gainers, growing by 10 per cent to close at N0.33. Portland Paint gained 8.33 per cent, jumping to N2.60.. Royal Exchange leapt to N0.45, notching up 7.14 per cent in the process.

ABC Transport rose by 6.90 per cent to N0.31. Japaul Gold completed the top 5, climbing up by 5.17 per cent to N0.61.FTN Cocoa topped the losers’ table, declining by 10 per cent to close at N0.36. Neimeth shrank by 8.95 per cent to end the day at N1.73. InternationalPZ dipped to N5, recording 7.41 per cent depreciation. Dangote Cement Cement closed at N204, going down by 7.27 per cent.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Profit-taking hits US stocks, Europe shrugs off recessionUS markets were hit by a bout of profit-taking on Friday, while in Europe investors largely shrugged off data confirming the eurozone is back in recession.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Bank stocks gains help stop Nigerian equities from sinking furtherA positive market breadth posted as there were 24 gainers against 17 losers.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Nigerian stocks deepen loss by N193 billion amid sell pressure on bank stocksProfit-taking in the shares of Zenith, GTB and Stanbic accounted most for the decline.
Source: PremiumTimesng - 🏆 3. / 78 Read more »