Nigeria: Profit-Taking Halts Bullish Run at NGX

Nigeria: Profit-taking halts bullish run at NGX

This downturn erased N121 billion from the market’s capitalisation, which closed at N92.28 trillion

Nigerian Exchange Succumbs to Profit-Taking by 0.13%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited surrendered its control to the bears on Wednesday, closing lower by 0.13 per cent when trading activities ended for the day. The decline was influenced by profit-taking in most of the sectors, despite the insurance and the energy indices closing green by 7.94 per cent and 0.12 […]

Sell-Off Wipes ₦121bn From NGX As Profit-Taking Ends Market Rally

The Nigerian Exchange (NGX) lost traction on Wednesday as sell pressure in major medium- and blue-chip stocks erased ₦120.91 billion from market capitalisation. The All-Share Index (ASI) dropped 0.13% to close at 145,865.48 points, cutting the year-to-date return to 41.72%. Market capitalisation settled at ₦92.28 trillion from ₦92.40 trillion in the prior session. Despite a […] The post Sell-Off Wipes ₦121bn from NGX as Profit-Taking Ends Market…