The Nigerian equities market snapped last week’s bullish performance as profit-taking activities witnessed in Nigerian Breweries and BUA Cement undermined the market’s performance on Monday.
The domestic equities market witnessed a pullback following six days of bargain hunting activities, as the All-Share Index (ASI) moderated by 0.38 per cent to 40,714.00 basis points.
Accordingly, the Month-to-Date and Year-to-Date returns of the Nigerian Exchange Limited (NGX) moderated to +1.2 per cent and +1.1 per cent, respectively.
Equities investors, therefore, lost N80.44 billion as the market capitalisation settled at N21.22 trillion as against an opening of N21.30 trillion.
However, the…
Source: Nigerian Tribune
