Stock market dips 0.52% in holiday-shortened trading week
The Nigerian stock market dipped by 0.52% in a holiday-shortened week due to profit-taking as investors realigned portfolios after a recent CBN rate cut. Read More: https://punchng.com/stock-market-dips-0-52-in-holiday-shortened-trading-week/
The Nigerian equities market experienced a decline of 0.52% during a shortened trading week due to investors engaging in profit-taking following recent monetary policy changes. The market closed negatively, with 37 equities falling for every 44 that gained, and 65 remaining unchanged. Trading turnover significantly decreased, with 3.166 billion shares traded, compared to the previous week's 4.689 billion shares.
The Financial Services Industry led in volume, while the Investment Industry came in second. The NGX All-Share Index and Market Capitalisation both dropped by 0.52% and 0.50%, respectively, concluding the week at 250,808.27 and N162.843tn.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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