Stock market loses momentum over profit taking

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Thursday’s dip means investors could not consolidate the recent rally which was largely triggered by Emefiele’s suspension and the decision of the CBN to float the naira.

Investors traded 1,170,151,738 units valued at N15.359bn in 12,611 deals.

In a development that followed Tuesday’s bullish trading day, the All-Share Index traded 3.99 per cent higher to close at 59,985.10 index points, up from the 58,163.55 index points recorded in the previous day’s trading session.

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