The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods stocks.

The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods stocks.

The All-Share Index of the Nigerian Exchange Limited dropped by 0.06 per cent to close the week at 42,014.50 basis points from 42,014.50bps the previous week, while the market capitalisation fell to N21.93tn from N21.94tn.

All other indices finished lower with the exception of NGX Main Board, NGX Insurance, NGX MERI Growth, NGX Lotus II and NGX Industrial Goods indices, which appreciated by 0.32 per cent, 0.99 per cent, 0.09 per cent, 0.15 percent and 0.88 percent respectively, while the NGX ASeM Index closed flat.