All-Share Index Archives

Nigerian stock market loses $801 billion as profit-taking ends three-day rally

The Nigerian stock market closed lower on Wednesday, wiping $801 billion from investors’ wealth as renewed profit-taking ended a three-session winning streak.. The decline followed selling pressure in several large- and mid-cap stocks, including Nestlé Nigeria, BUA Foods, Mecure Industries, International Energy Insurance and UAC of Nigeria. At the close of trading, the market capitalization of the Nigerian Stock Exchange …