Nigerian stocks shed N75.5 billion as investors take profit

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Large sell orders on the shares of MTN prompted the retreat as trade volume diminished by 11 per cent even though turnover was...

fell by 0.3 per cent or N75.5 billion on Monday as equities surrendered the paltry gain recorded at the previous trading session and the benchmark index faced pressure from profit-taking actions from traders.

“We expect the local equities market to remain in a lull going forward. Positive drivers to catalyse investor interest in the equities markets are far and few,” said analysts at investment bank and brokerage firm United Capital in their forecast note for this week seen by PREMIUM TIMES.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines