Stock market losses N1.9trn to profit-taking

However, last week’s trading was characterised by heavy selling pressure across banking, industrial goods, consumer, oil and gas, and insurance stocks, with the bearish sentiment extending to several highly liquid stocks that had supported the market’s earlier rally.•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.‘‘The upcoming Dangote Refinery IPO could remain an important source of portfolio repositioning, while movements in crude oil prices, corporate earnings expectations and domestic liquidity will continue to influence sentiment.”