Nigerian equities lose N70bn to profit-taking in large cap stocks

Bears stage comeback as stocks shed N157bn in four days

Equities market in Nigeria shed N70 billion at the end of operations on Tuesday after large cap stocks in the market with previous gaining records were besieged by investors taking profit. Market analysts that the development showed that the market is still volatile as investors are being skeptical to avoid getting stuck in one position, and thus, they quickly pull out to make capital gain one a stock record some gains. The loss recorded on Tuesday followed N86 billion profit recouped on Monday by investors. Consequently, the market contracted by…

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