Profit-taking reverses positive streak as index loses 0.47%

“We expect profit-taking activities to drag the performance of the equities market for the rest of the week.” Nigeria Stock

At the close of trading, Wednesday, the ASI decreased by 120.11 absolute points or 0.47 per cent to close at 25,215.04 points. Similarly, the overall market capitalisation shed N62billion to close at N13.154trillion.

Specifically, analysts at Afrinvest Limited, said: “We expect profit-taking activities to drag the performance of the equities market for the rest of the week.” UPDC Real Estate Investment Trust gained 8.57 per cent to close at N3.80, and Cornerstone Insurance edged up eight per cent to close at 54 kobo, per share.

The total volume of trade dropped marginally by 0.8 per cent to 266.65 million units worth N3.183billion, exchanged in 3,978 deals.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

GuardianNigeria /  🏆 1. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

English club confirms manager tests positive for COVID-19 - Daily Post NigeriaEnglish club, Stoke City has confirmed that their manager, Michael O'Neill, has tested positive for the COVID-19. City said that O'Neill tested positive
Read more »

Three Commissioners Test Positive For COVID-19 In GombeThree Commissioners Test Positive For COVID-19 In Gombe
Read more »

COVID-19: Three commissioners test positive in Gombe, as cases hit 234Three commissioners, five members of the Gombe state House of Assembly and a Special Adviser to the governor have been confirmed to have contracted COVID-19 Daily Trust had reported that the speake…
Read more »

COVID-19: 19 workers test positive in Azerbaijan president’s officeAt least 19 staff in the office of Azerbaijan's president have tested positive for coronavirus, officials said, as authorities in the repressive Caucasus nation struggle to contain an escalating cr...
Read more »

Pandemic-hit Lufthansa Says 22,000 Jobs Will Be LostPandemic-hit Lufthansa Says 22,000 Jobs Will Be Lost
Read more »

Special Adviser to Gombe gov, some executive council members test positive for COVID-19 - Daily Post NigeriaGombe State Taskforce on COVID-19 has raised alarm over community transmission of coronavirus in the state. Prof. Idris Mohammed, the Chairman of the
Read more »