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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