By Peter Egwuatu
Profit taking by investors on Tuesday dragged down equities trading on the Nigerian Stock Exchange, NSE as major market index, All Share Index declined by 0.8 percent or 83 bases points, bps.
The selloffs in Guaranty Trust Bank (-5.3 percent ), Dangote Cement (-1.1 percent ) and Access Bank (-6.5 percent ) ended the successive gains in the equities market as the All-Share Index slipped by 0.8 percent to close at 29,462.76 points.
Consequently, Year to Date, YtD return fell to 9.8 percent while market capitalisation declined N127.6billion to N15.2trillion.
Activity level was mixed as volume traded rose 2.2 percent to 272.8million units while value traded fell 11.9 percent to N3.7billion.
Zenith Bank (57.8 million units), Access Bank (33.0millin units) and UBA (22.4million units) led the most traded stocks by volume while Zenith Bank (N1.3billion), Dangote Cement (N414.0million) and MTN Nigeria (N351.2 million) led by…
Source: Vanguard Newspaper
