NSE indices resume with 40 per cent loss amid profit taking - Premium Times Nigeria

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NSE indices resume with 40 per cent loss amid profit taking

Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.

The downturn was impacted by losses recorded in medium and large capitalised stocks, among which were; Nigerian Breweries, MTN Nigeria, NASCON), C&I Leasing and Flour Mills Nigeria. Sovereign Trust Insurance went up by 4.76 per cent to close at 22k, while UACN appreciated by 3.70 per cent to close at N5.60 per share.Consolidated Hallmark Insurance followed with a decline of 9.68 per cent to close at 28k, while Linkage Assurance went down by 9.38 to close at 58k per share.

This was in contrast with a total of 274.21 million shares valued at N2.84 billion achieved in 2,966 deals on Friday.

 

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NSE Indices Resume With 40% Loss Amid Profit TakingActivities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent. Specifically, market capitalisation which opened at N13.606 trillion, lost N54 billion or 0.40 per cent to close at N13.552 trillion against N13.606 trillion on Friday. Similarly, the All-Share Index dipped 110.81 points or […]
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