Nigerian stocks dip 4.39% over profit-taking
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.