Punch Newspapers
Sections
Johnson Okafor
The Nigerian equity market on Monday commenced the weekly activities on the negative trajectory as investors continued to take profits to increase capital gains.
Key market indicators, the NSE ASI, declined by 0.23 per cent as bargain hunters continued to take profits from gains recorded last week.
The market breath however closed positive with 22 losers against 35 gainers.
Consequently, the All-Share Index dipped 93.76 basis points or 0.23 per cent to close at 1,082.38 index points as against 41,176.14 recorded the previous trading session while market capitalisation of equities depreciated by N40bn from N21.53tn the last Friday to N21.49tn as market sentiment remained on the negative territory.