Nigerian Equities Market Sees Marginal Decline Amid Profit-Taking Across Sectors

The Nigerian equities market experienced a marginal decline as profit-taking persisted across key sectors. The market closed slightly lower, with the All-Share Index edging down.

Investor sentiment was mixed, balancing optimism in insurance and tech stocks against losses in industrial and healthcare sectors. Notable movements included gains in insurance stocks like Prestige Assurance and Wapic Insurance, while mid-tier names like Austin Laz and Fidson Healthcare saw declines due to profit-taking.

CWG PLC also advanced, reflecting increased interest in the ICT sector.