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Business News

Customs Street Falls 0.48% as Investors Offload Financial Stocks

Lagos Customs Street stock

By Dipo Olowookere Sustained profit-taking in financial stocks further weakened the Nigerian Exchange (NGX) Limited on Tuesday, as investors keep an eye on happenings in the macroeconomic environment. Business Post reports that Customs Street depreciated by 0.48 per cent yesterday due to selling pressure, causing investor sentiment to turn bearish. It was observed that 28 equities ended on the losers’ chart and 15 equities finished on the gainers’ table, indicating a negative market breath index. At the close of transactions, the All-Share Index (ASI) went down by 475.18 points to 98,228.50 points from 98,703.68 points, and the market capitalisation declined

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