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 which saw a 10% drop. The NGX All-Share Index (ASI) closed at 145,159.77 points, with sector performance mixed.

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