• Stock Market Drops By 0.18% In Profit Taking Trading

    Stock Market Drops By 0.18% In Profit Taking Trading

    Transactions at the Nigerian Stock Exchange (NSE), yesterday remained on a downward trend due to profit taking.

    The lead indicator, NSE-ASI shed 49.55 absolute points or 0.18 per cent to closed at 27,707.12 points. Similarly, the market capitalization shed N17 billion to close at N9.518 trillion.

    The downturn was significantly imparted by value depreciation recorded by the following large capitalised stocks, PZ Industry, International Breweries, Nigerian Breweries, Dangote Cement, Guaranty Trust Bank and Glaxosmith.

    Stock market analysts have said as economic indicators point […]