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Profit taking: Stock market loses N21bn

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Transactions on the Nigerian Stock Exchange (NSE) returned to negative territory on Thursday with the market capitalisation dropping N21 billion.

Specifically, the market capitalisation which opened trading at N13.027 trillion, shed N21 billion or 0.16 per cent to close at N13.006 trillion.

Market watchers stated that the stock market would remain highly volatile in the interim as the realities of COVID-19 remain prevalent. Jaiz Bank dropped 8.96 per cent to close at 61k, while NPF Microfinance Bank shed 7.28 per cent to close at N1.40, per share. Oando grew by 4.08 per cent to close at N2.55, while May & Baker rose by 1.35 per cent to close at N3, per share.

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