Stock market loses momentum over profit taking

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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.

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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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