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Stock market down by N39bn on profit-taking

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The Nigerian equity market on Monday began the week on a negative note as investors continued to take profits to increase capital gains.

The key market performance indicator, the Nigerian Stock Exchange All-Share Index, declined by 0.21 per cent as bargain hunters widened sell-offs to take profits from gains recorded last week.

The market capitalisation of equities depreciated by N39bn from N18.37tn last Friday to N18.33tn as market sentiment remained in the negative territory. The premium subsector was the most active , with 184.91 million shares exchanged by investors in 1,336 deals.

 

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