100512: NSE ASI slides further as profiteering continues

Nigerian Stock Market maintained southwards movement for the second consecutive session as profit taking continues on the bourse amid low volume turnover and Naira Votes while Dangote plans to list his $11 billion cement company on the London stock exchange by Q3 2013.

Nevertheless, the key benchmark indices continued downtrend as sentiments remained red, taking hits majorly from Small CAP stock which was particularly driven by PORTPAINT while Large CAP stocks also contributed to the outlook recorded today due to continuous selling activities witnessed in Financial Services sector.

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