Investors who moved into the market on Wednesday to take profit in earlier rallied insurance, consumer goods and banking stocks caused the market’s decrease by 0.73 percent at the close of trading.
The market’s negative close came depsite mild bargain hunting in oil & gas stocks. This year’s positive return decreased to 37.54 percent. This week, the market has decreased by 2.12 percent, but has risen by 1.22 percent this month.
At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities Market Capitalisation decreased from preceding trading day’s highs of 142,613.47 point and N90.227 trillion respectively to 141,566.3 points and N89.564trillion.