Stock market loses N32.26bn as investors take profits - Punch Newspapers

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The most widely read newspaper in Nigeria

The equities market of Nigerian Exchange Limited slid by N32.26bn at the end of trading on Monday as investors cashed in on recent price appreciation.

Market activities traded negative as the volume of shares traded slumped by 66.53 per cent to 378.15 million units valued at N3.24bn in 6,384 deals, compared to 1.13 billion shares worth N13.78bn in 5,458 deals on Friday. Market sentiment, as measured by market breadth, was largely negative as 33 firms’ depreciated while 20 tickers saw gains in share price.

 

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