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Nigeria: Nigerian Stocks Slip 0.52 Percent As Profit-Taking Halts Rally

Africa 1 source 1 country 🔦 Under-reported 47m ago

Nigerian stocks declined by 0.52 percent to 250,808.27 points for the week ending October 2, halting a recent market rally. The downturn was driven by investors reducing their positions and engaging in profit-taking following gains accumulated over previous weeks.

Alongside the drop in the All-Share Index, the equity market capitalization decreased by 0.50 percent, settling at ₦162.843 trillion. Trading activity during the week was limited to four sessions due to an October 1 holiday.

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