Stock Market Loses N719bn To Profit-taking Activity

Bearish sentiment weighed on the Nigerian equities market as the All-Share Index (ASI) declined by 1,107.28 points, representing a 0.44 per cent decrease.
The ASI fell from 253,990.06 to 252,882.78, indicating mild profit-taking following the previous session’s strong advance, although the index remained above the 250,000-point threshold.
Consequently, equity market capitalisation decreased by approximately N719 billion, falling from N164.913 trillion to N164.194 trillion.
Trading activity was mixed compared to the previous session, with deal count increasing despite a sharp decline in traded volume and transaction value.
Total traded volume fell by 92.3 per cent to 404.11 million...