Nigerian stock market extends losing streak, drops 0.07%

Trading activities on the nation's bourse extended losing streak on Tuesday, declining further by N16 billion due to profit taking on 21 stocks.
Specifically, the All-Share Index lost 30.75 points or 0.07 per cent to close at 41,051.63, from 41,082.38 posted on Monday.
Consequently, month-to-date and year-to-date returns moderated to 1.9 per cent.
In the same vein, the market capitalisation lost N16 billion to close at N21.474 trillion compared with N21.490 trillion recorded on Monday.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are Ardova Plc, BUA Cement, UACN, Access Bank and Red Star Express.
Analysts at Afrinvest Limited said,

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