NSE: Profit-Taking May Slowdown On Cautious Trading Ahead Of MPC Meeting

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Market Update for November 17 Profit-taking continued on the Nigerian Stock Exchange (NSE) on Tuesday with the benchmark All-Share index closing on a negative note, the third straight session, while market sentiment remained mixed and volatility high. The high volatility was driven by selloffs in Consumer and industrial goods large-cap stocks, with investors waiting expectedly for the remaining banking sector earnings reports and outcome of the Central Bank of Nigeria (CBN) Monetary Policy Committee meeting next week, the last for the year, boosting investors optimism. The ongoing price correction in…

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