Stocks This Week: Profit-taking weakens market value by N266 billion

saw limited trading sessions this week on account of a public holiday on Monday.

All but the insurance and the oil & gas indexes have posted positive returns this year of the five sector indexes tracked by the Nigerian Exchange. While the insurance index is up 6.03 per cent, the oil and gas index has gained 38.91 per cent so far this year. The all-share index and market capitalisation simultaneously dropped by 1.30 per cent, the former closing at 38,648.91 points and the latter at N20.143 trillion.

The financial services industry led the activity chart, with 695.803 million shares valued at N5.178 billion and traded in 8,616 deals. It added 70.92 per cent and 49.86 per cent to the total equity volume and value respectively.

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