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.

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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