Nige­rian stocks dip 4.39% over profit-tak­ing

Daily Trust - - NEWS - From a Sun­day Michael Ogwu, Lagos

The Nige­rian Stock Ex­change (NSE) al­lshare In­dex (ASI) and mar­ket cap­i­tal­i­sa­tion dipped by 4.39 per cent to close, last week, at 29,305.40 ba­sis points and N10.065 tril­lion re­spec­tively.

All other in­dices fin­ished lower dur­ing the week, with the ex­cep­tion of the NSE ASeM in­dex that closed higher, the NSE weekly stock mar­ket re­port said.

At the close of the week’s ses­sion, a turnover of 1.469bil­lion shares, worth N17.065bn in 21,246 deals, were traded by in­vestors com­pared with a total of 2.387bn shares val­ued at N26.381bn that ex­changed hands last week in 28,072 deals.

The NSE re­ported that the financial ser­vices in­dus­try, mea­sured by vol­ume, led the ac­tiv­ity chart with 1.169bn shares val­ued at N10.241bn traded in 12,697 deals, con­tribut­ing 79.59 per cent and 60.01 per cent to the total eq­uity turnover vol­ume and value re­spec­tively.

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