Nigerian Stock Market Plunges N1.17 Trillion on Profit-Taking in Dangote Cement

The Nigerian stock market started the week on a downward trend, losing N1.17 trillion as investors took profits, particularly in Dangote Cement (NGX: DANGCEM) which saw a 10% drop. The NGX All-Share Index (ASI) closed at 145,159.77 points, with sector performance mixed.

Sovereign Trust Insurance (NGX: SOVRENINS) recorded the highest price gain, while Dangote Cement and Nigerian Enamelware (NGX: ENAMELWA) led the losers' chart. Total volume traded decreased significantly, with Tantal being the most active stock.