Investors stake N11b on shares amidst profit taking

Equities investors staked N10.842 billion on 1.226 billion shares in 19,529 deals amidst profit taking last week.

After a rally, propelled by reactions to corporate earnings and dividend declarations the previous week, profit taking in banking stocks such as Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith Bank Plc led to a moderation of the growth last week.

Consequently, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) went down by 0.05 per cent to close at 25,591.95, while market capitalisation ended the week at N13.351 trillion.