Nigerian Equities Market Drops 0.98% on Profit-Taking Activities

The Nigerian equities market experienced a 0.98% decline attributed to profit-taking activities in various sectors, resulting in the All-Share Index dropping to 154,126.46 points. Market capitalization depreciated to N96.78 trillion.

Financial services and industrial sectors dominated trading activities, with Cornerstone Insurance Plc (NGX: CORNERST), Wema Bank Plc (NGX: WEMABANK), and Guaranty Trust Holding Company Plc (NGX: GTCO) leading in trading volumes. Notable gainers for the week included Aso Savings and Loans Plc, Julius Berger Nigeria Plc (NGX: JBERGER), and Oando Plc (NGX: OANDO).