Equities Shed N516bn On Profit-taking

The Nigerian equities market reversed its previous session’s gains as renewed selling pressure weighed on investor sentiment across the bourse.
 
The All-Share Index (ASI) lost 794.64 points, representing a 0.32 per cent decrease to close at 245,911.13, while market capitalisation fell by N517 billion to close at N159.15 trillion.
 
The decline reflects renewed profit-taking and cautious trading following the previous session’s recovery.
 
Market breadth was negative, reflecting 18 advancers against 40 decliners. LivingTrust Mortgage Bank recorded the highest price gain of 9.90 per cent to close at N3.22, per share. ABC Transport followed with a gain of 9.77 per cent to close ...