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, Caverton Offshore Support Group, and Berger Paint recorded losses, while Regency Alliance Insurance emerged as the top gainer. Overall trade activity declined, with Fidelity Bank leading in trade volume.