Nigerian Equities Market Ends 12-Day Winning Streak, Loses N4 Billion Amid Profit-Taking

The Nigerian equities market concluded a 12-day bullish run by losing N4 billion as investors engaged in profit-taking activities. The market capitalization dipped to N93.756 trillion, with the All-Share Index (ASI) shedding 6.27 points to close at 147,710.96.

Stocks of companies like Austin Laz, Deap Capital Management, Fidson Healthcare (NGX: FIDSON), Caverton Offshore Support Group (NGX: CAVERTON), and Berger Paint recorded losses, while Regency Alliance Insurance (NGX: REGALINS) emerged as the top gainer. Overall trade activity declined, with Fidelity Bank (NGX: FIDELITYBK) leading in trade volume.