By Peter Egwuatu 
The Nigerian stock market closed  Week on Week, WoW,  last week in a negative territory as broad-based profit taking intensified across key sectors, outweighing buying interest and reversing the bullish trend of the previous weeks.
Specifically, the Nigerian Exchange Limited, NGX, All Share Index, ASI, which represents the barometer of the stock market performance declined 0.4% WoW to close at 165,512.18 points from 166,129.50 points the previous week.
Similarly, another major performance indicator, NGX capitalisation, which represents the total value of shares listed on the Exchange nosedived by about N394 billion to close at 105,959 trillion from N106.353 trillion the previous week.
Analysts have explained that the pullback reflects investors’ cautious positioning following recent rallies, particularly in large-capitalised  stocks, as market participants continue to rebalance portfolios ahead of the next earnings season and evolving macro signals.
A review of
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