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NSE Back To Negative On Profit Taking

The Nigerian equities market returned to negative territory Wednesday on the back of profit taking by anxious investors. This is after the market returned to positive territory at the resumption of trading on Monday.

At the close of business yesterday, the stock market performance indicator, the Nigerian Stock Exchange (NSE) All-Share Index depreciated by 2.15 per cent to close at 34,145.79 points, which is relative to the previous day trading session closing figure of 34,896.50 points. In the same vein, the market capitalisation of listed equities declined by N251 billion or 2.17 per cent to close at N11.313 trillion from N11.564 trillion the previous day.

However, the turnover by volume of transaction increased by 49.11 per cent relative to the previous day trading session closing figure while the value of transaction also increased by 50.89 per cent.

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