Stock Market Down N366bn Week-on-Week Amid Profit-taking Activities
Kayode Tokede
The market capitalisation of the Nigerian Exchange Limited (NGX) depreciated by N366 billion in its week-on-week (WoW) performance amid investor profit-taking in BUA Cement Plc (3.5 per cent decline).
As the NGX (ASI last week declined by 0.25 per cent WoW to close at 249,712.37 basis points. Consequently, the month-to-date and year-to-date returns moderated to +three per cent and +60.4per cent, respectively, reflecting increasingly cautious and risk-averse investor sentiment across the domestic bourse.
The market capitalisation fell by N366 billion to close N160.077 trillion
