Profit-taking reverses NSE gaining streak as index loses N50b

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Profit-taking reverses NSE gaining streak as index loses N50b
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Precisely, the All-Share Index decreased by 95.91 absolute points, representing a dip of 0.38 per cent to close at 25,312.05 points.

Precisely, the All-Share Index decreased by 95.91 absolute points, representing a dip of 0.38 per cent to close at 25,312.05 points. Similarly, the overall market capitalisation shed N50billion to close at N13.204trillion.

Also, market breadth closed slightly negative, recording 16 gainers against 17 losers. UACN Property Development Company recorded the highest price gain of 10 per cent to close at 88 kobo per share. On the other hand, Cutix led the losers’ chart by 9.63 per cent to close at N1.69 per share. Lasaco Assurance followed with 7.41 per cent to close at 25 kobo, and Custodian Investment shed 7.14 per cent to close at N5.85, per share.

Zenith Bank followed with 25.211 million shares worth N427.739million, while FCMB Groups traded 22.072 million shares valued at N38.225million.

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