Stock Market Down N79bn on Profit-taking in BUA Food, Others

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Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday sustained the down trend of prior day as profit-taking witnessed in BUA Foods Plc and 20 others caused a N79billion d…

The stock market of the Nigerian Exchange Limited yesterday sustained the down trend of prior day as profit-taking witnessed in BUA Foods Plc and 20 others caused a N79billion decline in the market capitalisation.

Market sentiment, as measured by market breadth, was negative, as 21 stocks lost, relative to 18 gainers. On the other hand, Courteville Business Solutions led the losers’ chart by 7.27 per cent to close at 51 kobo, per share.

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