• Friday, July 19, 2024
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Stock market opens week on a negative note

Stock market opens week on a negative note

Nigeria’s equities market opened this new trading week on a negative note, as investors still in their holiday mood approached the market for profit after last week’s rally.

The market decreased by 0.08 percent on Wednesday while its year-to-date (YtD) return lowered to 33.53 percent.

Read also: Foreign investors uptick in sight for Nigeria’s equities market

Despite increased buy-side activities in banking, and oil & gas stock, profit taking in insurance and consumer goods stocks still dipped the market.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation decreased from preceding trading day’s highs of 99,925.29 points and N56.526trillion respectively to 99,842.19 points and N56.478trillion.

In 9,899 deals, investors exchanged 1,383,477,941 shares worth N16.484billion.