Business News

Profit-Taking Persists at Customs Street as Index Sheds 0.15%

profit taking at NSE

By Dipo Olowookere The Nigerian Exchange (NGX) Limited further shed 0.15 per cent on Thursday as profit-taking persisted after the Central Bank of Nigeria (CBN) further jacked up the interest rate by 1.50 per cent to 26.25 per cent on Tuesday. Customs Street was in red during the trading session as investors offloaded some blue-chip stocks to book profit, leaving the bears to tighten their grip on the bourse. At the close of business, the All-Share Index (ASI) went down by 151.14 points to 97,978.02 points from 98,129.16 points and the market capitalisation decreased by N85 billion to settle at