November 21, 2024
NGX starts week on bearish note as ASI dips by 0.74% on profit taking
Business News

NGX starts week on bearish note as ASI dips by 0.74% on profit taking

NGX starts week on bearish note as ASI dips by 0.74% on profit taking

The Nigerian Exchange ended Monday’s trading session on a downbeat note, with the All-Share Index dropping by 740.01 points to close at 98,708.90—a 0.74% decline from the previous day’s close. 

The fall reflects a bout of profit-taking as investors cash in on last week’s gains.

Trading volume reached 353.18 million shares, a significant drop of 23.36% compared to the 460.85 million shares traded on Friday. 

Transactions spanned 9,417 deals, bringing the market’s capitalization to N59.81 trillion, as investors appeared cautious amid mixed market sentiment.

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