Market dips by N158 billion amid losses in MTNN, NGX

Following losses recorded by many bluechip stocks, especially MTN Nigeria (MTNN)Communications and Nigerian Exchange Group (NGX Group), trading activities on the domestic stock market closed in a downturn yesterday, as market capitalisation depreciated by N158 billion.Vetiva Dealings and Brokerage said: “While large-cap counters have continued to dictate the market direction, we expect similar cherry-picking and profit-taking actions across the board tomorrow.”