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Page 41 - பிராந்திய பொருளாதார சமூகங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Equities Shed N464bn as Profit Taking Halts Bull Run

Goddy Egene The equities market shed N463.7 billion last week as the bullish streak was halted by persistent profit taking. Following the unprecedented growth recorded in the month of November, many investors have been locking in profits. Despite the pockets of profit taking, the market had maintained a positive weekly performance. However, that positive momentum could not be sustained last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 2.5 per cent to close at 34,250.74. Similarly, market capitalisation shed N463.7 billion to be at N17.902 trillion. The year-to-date (YTD) growth moderated to 27.6 per cent. Although the profit taking is expected to continue, analysts remained optimistic, saying the market still offers better investment alternative.

Eastern Africa | United Nations Economic Commission for Africa

The Subregional Office for Eastern Africa (SRO-EA) is located in Kigali (Rwanda). The office covers the following countries: Burundi, Comoros, Democratic Republic of Congo, Djibouti, Ethiopia, Eritrea, Kenya, Madagascar, Rwanda, Seychelles, Somalia, South Sudan, Tanzania and Uganda. SRO-EA is headed by a Director who reports to the Deputy Executive Secretary (Programme). Its core objective is to contribute to achieving structural transformation for inclusive and sustainable development in the subregion, with a focus on deepening regional integration. The office also serves two Regional Economic Communities (RECs): East African Community (EAC) and Intergovernmental Authority on Development (IGAD);and three intergovernmental Organisations (IGOs): Indian Ocean Commission (IOC); the Economic Community of the Great Lakes Countries (CEPGL); and the International Conference on the Great Lakes Region (ICGLR).  

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