Nigerian stocks lose N238 billion as investors take profit ahead of new year

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Nigerian stocks lose N238 billion as investors take profit ahead of new year
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Year to date, the index is up by 3.82 per cent.

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Nigerian stocks weakened by 1.08 per cent or N237.9 billion on Wednesday, the first trading day since the market closed for yuletide celebrations, heaping more pressure on a bourse that has been pretty low activity lately.

Market breadth, often used by traders to gauge the level of investors’ sentiment towards trade, closed on a negative note as 18 gainers were reported relative to 16 losers.

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