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Prof-taking Persist as Stock Market Depreciates by N37bn – THISDAYLIVE

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Kayode Tokede Investors profit-taking continued to dominate the stock market of the Nigerian Exchange Limited (NGX) as capitalisation extended losses for a second consecutive session, falling by N37 billion at

Investors profit-taking continued to dominate the stock market of the Nigerian Exchange Limited as capitalisation extended losses for a second consecutive session, falling by N37 billion at the end of yesterday trading.

Also, market capitalisation depreciated by N37 billion to close at N30.469 trillion from N30.506trilllion it opened for trading. “Going forward, we expect investor’s sentiment to be swayed by the search for real positive returns and developments in the interest rate space. MRS Oil Nigeria followed with a gain of 9.96 per cent to close at N59.60, while Cornerstone Insurance rose by 9.90 per cent to close at N1.11, per share.

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