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Headline : Stock Market Down N482bn On Profit-Taking in Aradel Holdings, 25 Others

Read more from the original article on here at allafrica.com.





Tags : #stock #market #down #n482bn #profittaking #aradel #holdings #25 #others


No. of Paragraph 20

The Nigerian stock market yesterday closed trading on negative note as investors' profit-taking in Aradel Holdings Plc and 25 others dragged the overall market capitalization lower by N482 billion.

As Aradel Holdings dropped by 10 per cent, the Nigerian Exchange Limited All-Share Index (NGX ASI) shed 343.31 basis points or 0.35 per cent to close at 97,296.57 basis points. As a result, the stock market in its Month-to-Date and Year-to-Date returns stood at -0.4per cent and +30.1per cent, respectively.

Also, market capitalisation dipped by N482 billion to close at N58.696 trillion.

Sectoral performance was mixed, as the NGX Consumer Goods Index declined by 0.3 per cent, while the NGX Insurance Index appreciated by 1.2per cent, NGX Oil & Gas Index gained one per cent and NGX Banking Index advanced by 0.1 per cent. The NGX Industrial Goods index closed flat.

Read more from the original article on here at allafrica.com.


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