Stock market loses N152bn on profit-taking

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transactions on the floor of the Nigerian Stock Exchange on Tuesday witnessed another drop in share prices as bears sustained their grip on the local bourse following profit-taking by investors.

The local bourse recorded only four gainers against 27 losers led by Champion Breweries Plc and Oando Plc among other blue-chip firms that experienced downswing in their shares.

Market capitalisation of equities depreciated by N152bn from N11.945tn the previous day to N11.793tn as market sentiment remained on the negative territory. The premium subsector was the most active ; with 158.95 million shares exchanged by investors in 2,353 deals. Also, the banking subsector boosted by the activities in the shares of Fidelity Bank Plc and GTBank Plc followed with a turnover of 43.2 million shares in 865 deals.

 

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I don't care. 😏

That's why I don't rate the NSE, it falls too easily and it doesn't have enough diversified players to keep it going

Frozen stock?

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