Nigeria: All-Share Index Falls 0.04% As Market Opens On Negative Note

24 November 2020

The Nigerian equity market opened for the week on a negative note, declining marginally by 0.04 per cent as profit taking continued. The market had depreciated by 2.5 per cent last week on profit taking after a period of an unprecedented bull run.

The profit taking continued yesterday as 46 stocks declined compared with only five that appreciated. Consequently, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell by 0.04 per cent to close at 34,121.78, while market capitalisation shed N17.83 billion to be at N17.838 trillion.

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