Profit booking imminent, as August inflation data worsens investors’ returns

Profit booking imminent, as august inflation data worsens investors’ returns

By Investdata Analysts After sessions of marginal gains, the benchmark All-Share index of the Nigerian Stock Exchange (NSE) turned negative on Tuesday when trading was mixed and volatile on mixed sentiment and high traded volume. This was occasioned by profit booking in oil, banking and consumer goods stocks which dragged the index down, even ahead of the oncoming price adjustment in the shares of UBA, Stanbic IBTC and Guaranty Trust Bank for interim dividends of 17 kobo, 40 kobo and 30 kobo respectively recommended by their boards. There was also…

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