The equities segment of the Nigerian Exchange (NGX) on Thursday ended its four consecutive day rallies, as market capitalization lost N33.42billion, following selloffs in telco heavyweight, MTN Nigeria, Guaranty Trust Holding Company (GTCO) and WAPCO.
At the close of yesterday trading activities, investors’ mood switched to profit-taking across mid and large-cap companies stocks, seeing the benchmark index shedding 0.13 per cent to close at 48,365.14 points, while underpinning the market’s weak performance despite gains in BUACEMENT, ZENITHBANK and UBA.
