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Stock Investors Lose N599bn as Profit-Taking Intensifies

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By Dipo Olowookere For the 14th trading session, the Nigerian Exchange (NGX) Limited closed in the red zone after it depreciated by 1.04 per cent on persistent profit-taking. Yesterday, the selling pressure by stock investors intensified, with the financial services sector suffering the most, as the banking space lost 5.75 per cent, and the insurance index down by 3.27 per cent. Further, the consumer goods counter went down by 1.02, the industrial goods sector depreciated by 0.06 per cent, and the energy sector closed flat. When trading activities ended for the session, the All-Share Index (ASI) decreased by 1,059.91 points