Goddy Egene
The Nigerian equities market attracted investment inflow of N15.918 billion last week staked on 1.419 billion shares in 18,459 deals.
This indicated an increase by 46.3 per cent from the N10.883 billion invested in 1.441 billion shares in 19,614 deals the previous week.
However, the Nigerian Stock Exchange Limited (NGX) All-Share Index (ASI) depreciated by 1.6 per cent to close at 39,198.75, while market capitalisation declined to N20.431 trillion. Market analysts attributed the depreciation to profit taking in bellwether stocks following some gains recorded in the month April.
Some of the stocks that suffered profit taking included Stanbic IBTC Holdings Plc, MTN Nigeria Plc and Dangote Cement Plc.
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