Profit-taking Persist as Stock Market Decline by N18bn – THISDAYLIVE

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Profit-taking Persist as Stock Market Decline by N18bn Kayode Tokede Profit-taking activities continued yesterday on the stock market of the Nigerian Exchange Limited (NGX), dropping by N18 billion. The

Profit-taking activities continued yesterday on the stock market of the Nigerian Exchange Limited , dropping by N18 billion.

As measured by market breadth, market sentiment was mixed as an equal number of 13 stocks gained and lost. e-Tranzact International recorded the highest price gain of 9.65 per cent to close at N2.50, per share. Sovereign Trust Insurance followed with a gain 7.69 per cent to close at 28 kobo, while Vitafoam Nigeria appreciated by 7.27 per cent to close at N23.60, per share.

FCMB Group followed with a decline of 4.06 per cent to close at N3.07, while UACN Property Development Company went down by 3.77 to close at N1.02, per share. Transactions in the shares of Mutual Benefits Assurance topped the activity chart with 25.337 million shares valued at N8.241 million. Fidelity Bank followed with 10.226 million shares worth N31.068 million, while Access Holdings traded 8.991 million shares valued at N73.675 million.

 

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